SB262

Senate Bill 262 proposes an amendment to the Arkansas Corporate Practice of Medicine doctrine to modify requirements for ownership in a medical corporation. Under current law, ownership typically requires an active medical license. The bill allows a medical professional who legally acquires ownership in a medical corporation while holding an active, good-standing license to retain ownership, management, and control of the entity after their license becomes inactive or is voluntarily surrendered. This provision is contingent upon the requirement that all medical services provided by the corporation continue to be performed by licensed medical professionals. The bill specifies that this benefit is only available to those whose licenses were not subject to disciplinary action, suspension, or revocation at the time they became inactive or were surrendered.