Stricken language would be deleted from and underlined language would be added to present law.
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State of Arkansas 1
95th General Assembly A Bill 2
Regular Session, 2025 SENATE BILL 262 3
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By: Senator C. Penzo 5
By: Representative Pilkington 6
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For An Act To Be Entitled 8
AN ACT TO AMEND THE CORPORATE PRACTICE OF MEDICINE 9
DOCTRINE; TO AUTHORIZE A CURRENT LICENSED MEDICAL 10
PROFESSIONAL WHO OWNS A MEDICAL CORPORATION TO 11
MAINTAIN OWNERSHIP IF HIS OR HER MEDICAL LICENSE IS 12
NO LONGER ACTIVE OR HE OR SHE RETIRES; AND FOR OTHER 13
PURPOSES. 14
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Subtitle 17
TO AMEND THE CORPORATE PRACTICE OF 18
MEDICINE DOCTRINE; AND TO AUTHORIZE A 19
LICENSED MEDICAL PROFESSIONAL WHO OWNS A 20
MEDICAL CORPORATION TO MAINTAIN 21
OWNERSHIP UPON AN INACTIVE LICENSE OR 22
RETIREMENT. 23
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BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF ARKANSAS: 25
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SECTION 1. Arkansas Code § 4 -29-307, concerning the officers, 27
directors, and shareholders of a medical corporation, is amended to add an 28
additional subsection to read as follows: 29
(c) Notwithstanding subsections (a) and (b) of this section, a person 30
who legally acquires ownership in a medical corporation while holding an 31
active license under the Arkansas Medical Practices Act, § 17 -95-201 et seq., 32
§ 17-95-301 et seq., and § 17 -95-401 et seq., may retain ownership, 33
management, and control of the medical corporation after his or her license 34
becomes inactive or is voluntarily surrendered if all medical services are 35
provided only by individuals who are licensed. 36