Arkansas legislation · 95th General Assembly (2025 Regular)
Arkansas SB262: TO AMEND THE CORPORATE PRACTICE OF MEDICINE DOCTRINE; AND TO AUTHORIZE A LICENSED MEDICAL PROFESSIONAL WHO OWNS A MEDICAL CORPORATION TO MAINTAIN OWNERSHIP UPON AN INACTIVE LICENSE OR RETIREMENT
Status: Failed, May 5, 2025
What the bill says
An act to be entitled an act to amend the corporate practice of medicine doctrine; to authorize a current licensed medical professional who owns a medical corporation to maintain ownership if his or her medical license is no longer active or he or she retires; and for other purposes. subtitle to amend the corporate practice of medicine doctrine; and to authorize a licensed medical professional who owns a medical corporation to maintain ownership upon an inactive license or retirement.
From the introduced text:
An Act To Be Entitled AN ACT TO AMEND THE CORPORATE PRACTICE OF MEDICINE DOCTRINE; TO AUTHORIZE A CURRENT LICENSED MEDICAL PROFESSIONAL WHO OWNS A MEDICAL CORPORATION TO MAINTAIN OWNERSHIP IF HIS OR HER MEDICAL LICENSE IS NO LONGER ACTIVE OR HE OR SHE RETIRES; AND FOR OTHER PURPOSES. Subtitle TO AMEND THE CORPORATE PRACTICE OF MEDICINE DOCTRINE; AND TO AUTHORIZE A LICENSED MEDICAL PROFESSIONAL WHO OWNS A MEDICAL CORPORATION TO MAINTAIN OWNERSHIP UPON AN INACTIVE LICENSE OR RETIREMENT. BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF ARKANSAS: SECTION 1. Arkansas Code § 4-29-307, concerning the officers, directors, and shareholders of a medical corporation, is amended to add an additional subsection to read as follows: (c) Notwithstanding subsections (a) and (b) of this section, a person who legally acquires ownership in a medical corporation while holding an active license under the Arkansas Medical Practices Act, § 17-95-201 et seq., § 17-95-301 et seq., and § 17-95-401 et seq., may retain ownership, management, and control of the medical corporation after his or her license becomes inactive or is voluntarily surrendered if: (1) All medical services are provided only by individuals who *JMB231* 04-07-2025 14:26:18 JMB231 As Engrossed: S4/7/25 SB262 are licensed; and (2) His or her license was in good standing at the time the license became inactive …