Assembly Bill A5879

2009-2010 Legislative Session

Authorizes physicians, optometrists and ophthalmic dispensers to establish professional service corporations, limited liability companies and registered partnerships

download bill text pdf

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Archive: Last Bill Status - In Assembly Committee


  • Introduced
    • In Committee Assembly
    • In Committee Senate
    • On Floor Calendar Assembly
    • On Floor Calendar Senate
    • Passed Assembly
    • Passed Senate
  • Delivered to Governor
  • Signed By Governor

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2009-A5879 (ACTIVE) - Details

See Senate Version of this Bill:
S3101
Current Committee:
Assembly Corporations, Authorities And Commissions
Law Section:
Business Corporation Law
Laws Affected:
Amd §§1503 & 1529, BC L; amd §§1203, 1207 & 1301, Lim Lil L; amd §§121-1500 & 121-1502, Partn L
Versions Introduced in Other Legislative Sessions:
2011-2012: A58, S2932
2013-2014: A1384, S3756
2015-2016: A991
2017-2018: A7474
2019-2020: A240
2021-2022: A526

2009-A5879 (ACTIVE) - Summary

Authorizes physicians, optometrists and ophthalmic dispensers to join together to establish professional service corporations, limited liability companies and registered limited liability partnerships.

2009-A5879 (ACTIVE) - Bill Text download pdf

                            
                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                  5879

                       2009-2010 Regular Sessions

                          I N  A S S E M B L Y

                            February 23, 2009
                               ___________

Introduced by M. of A. CAHILL -- read once and referred to the Committee
  on Corporations, Authorities and Commissions

AN  ACT  to  amend  the  business corporation law, the limited liability
  company law and  the  partnership  law,  in  relation  to  authorizing
  certain health care providers to form professional service entities

  THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section 1. Paragraph (a) of section 1503 of the  business  corporation
law,  as added by chapter 974 of the laws of 1970, is amended to read as
follows:
  (a) Notwithstanding any other provision of law, one or  more  individ-
uals  duly  authorized  by  law  to render the same professional service
within the state may organize, or cause to be organized, a  professional
service  corporation  for  pecuniary  profit  under this article for the
purpose of rendering the same professional  service,  [except]  PROVIDED
that  one or more individuals duly authorized by law to practice profes-
sional engineering, architecture, landscape architecture or land survey-
ing within the state may organize, or cause to be organized,  a  profes-
sional  service  corporation for pecuniary profit under this article for
the purpose of rendering such professional services as such  individuals
are  authorized  to  practice,  AND,  FURTHER, PROVIDED THAT ONE OR MORE
INDIVIDUALS DULY LICENSED BY LAW TO PRACTICE MEDICINE AND WHO ARE CERTI-
FIED BY THE AMERICAN BOARD OF OPHTHALMOLOGY, AND INDIVIDUALS LICENSED BY
LAW TO PRACTICE OPTOMETRY AND/OR OPHTHALMIC DISPENSING WITHIN THE  STATE
MAY  ORGANIZE,  OR  CAUSE TO BE ORGANIZED, A PROFESSIONAL SERVICE CORPO-
RATION FOR PECUNIARY PROFIT  UNDER  THIS  ARTICLE  FOR  THE  PURPOSE  OF
RENDERING  PROFESSIONAL  SERVICES  AS SUCH INDIVIDUALS ARE AUTHORIZED TO
PRACTICE.
  S 2. Section 1529 of the business corporation law, as amended by chap-
ter 576 of the laws of 1994, is amended to read as follows:
S 1529. Business corporation law applicable.

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD00704-04-9
              

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