The bill amends the Corporate Practice of Medicine Doctrine in Arkansas to allow licensed medical professionals who own a medical corporation to maintain ownership even if their medical license becomes inactive or if they retire. This change is significant as it provides greater flexibility for medical professionals, ensuring that they can retain control over their medical corporations without the need for an active license, as long as all medical services are provided by licensed individuals.

Specifically, the bill introduces a new provision that permits individuals who legally acquire ownership of a medical corporation while holding an active medical license to continue to manage and control the corporation after their license becomes inactive or is voluntarily surrendered. This amendment aims to support medical professionals in their business endeavors while ensuring that patient care remains in the hands of qualified, licensed practitioners.

Statutes affected:
SB 262: 4-29-307