Stricken language would be deleted from and underlined language would be added to present law.
1 State of Arkansas
2 93rd General Assembly A Bill
3 Regular Session, 2021 SENATE BILL 572
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5 By: Senator D. Sullivan
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7 For An Act To Be Entitled
8 AN ACT TO AMEND THE MEDICAL CORPORATION ACT; TO ALLOW
9 A NONLICENSED PERSON TO BE AN OFFICER, DIRECTOR, OR
10 SHAREHOLDER OF A MEDICAL CORPORATION; AND FOR OTHER
11 PURPOSES.
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13
14 Subtitle
15 TO AMEND THE MEDICAL CORPORATION ACT; AND
16 TO ALLOW A NONLICENSED PERSON TO BE AN
17 OFFICER, DIRECTOR, OR SHAREHOLDER OF A
18 MEDICAL CORPORATION.
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21 BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF ARKANSAS:
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23 SECTION 1. Arkansas Code 4-29-307 is amended to read as follows:
24 4-29-307. Officers, directors, and shareholders.
25 (a) All of the officers, directors, and shareholders An officer,
26 director, or shareholder of a corporation subject to this subchapter shall at
27 all times may be persons licensed pursuant to under the Arkansas Medical
28 Practices Act, 17-95-201 et seq., 17-95-301 et seq., and 17-95-401 et
29 seq.
30 (b) No A person who is not so licensed shall not have any part in the
31 ownership, management, or control of the corporation, nor may any proxy to
32 vote any shares of the corporation be given to a person who is not so
33 licensed medical or surgical treatment, consultation, or advice being given
34 by licensed employees of the corporation.
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