senate Bill S5862A

2015-2016 Legislative Session

Authorizes certain licensed health service professionals to form limited liability companies

download bill text pdf

Sponsored By

Archive: Last Bill Status - In Senate Committee Corporations, Authorities And Commissions Committee


  • Introduced
  • In Committee
  • On Floor Calendar
    • Passed Senate
    • Passed Assembly
  • Delivered to Governor
  • Signed/Vetoed by Governor

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Actions

view actions (4)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
May 24, 2016 print number 5862a
May 24, 2016 amend and recommit to corporations, authorities and commissions
Jan 06, 2016 referred to corporations, authorities and commissions
Jun 09, 2015 referred to rules

Co-Sponsors

S5862 - Details

See Assembly Version of this Bill:
A8153
Current Committee:
Senate Corporations, Authorities And Commissions
Law Section:
Limited Liability Company Law
Laws Affected:
Amd §§1203, 1207 & 1301, Lim Lil L; amd §1503, BC L; amd §§121-1500 & 121-1502, Partn L; amd §§6509-a, 6530 & 6531, Ed L; amd §2801, Pub Health L
Versions Introduced in Other Legislative Sessions:
2017-2018: S4125, A1943
2019-2020: A6377
2021-2022: A3526

S5862 - Summary

Authorizes certain licensed health service professionals to form limited liability companies.

S5862 - Sponsor Memo

S5862 - Bill Text download pdf

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

                                  5862

                       2015-2016 Regular Sessions

                            I N  S E N A T E

                              June 9, 2015
                               ___________

Introduced  by  Sen. LAVALLE -- read twice and ordered printed, and when
  printed to be committed to the Committee on Rules

AN ACT to amend the limited liability company law, the  business  corpo-
  ration  law,  the  partnership  law,  the education law and the public
  health  law,  in  relation  to  authorizing  certain  licensed  health
  services professionals to form limited liability companies

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

  Section 1. Subdivision (a) of section 1203 of  the  limited  liability
company  law,  as amended by chapter 554 of the laws of 2013, is amended
to read as follows:
  (a) Notwithstanding the education law or any other provision  of  law,
one  or more professionals each of whom is authorized by law to render a
professional service within the state, or one or more professionals,  at
least  one of whom is authorized by law to render a professional service
within the state, may form,  or  cause  to  be  formed,  a  professional
service  limited liability company for pecuniary profit under this arti-
cle for the purpose of rendering the professional service or services as
such professionals are authorized to practice. With respect to a profes-
sional service limited  liability  company  formed  to  provide  medical
services  as  such  services are defined in article 131 of the education
law, each member of such limited  liability  company  must  be  licensed
pursuant  to  article  131  of the education law to practice medicine in
this state. NOTWITHSTANDING ANY OTHER PROVISION  OF  THIS  SECTION,  ANY
PERSON LICENSED PURSUANT TO ARTICLE 131 OF THE EDUCATION LAW TO PRACTICE
MEDICINE  AND  ANY  PERSON  LICENSED PURSUANT TO ARTICLES 132, 137, 140,
141, 143, 144, 153, 154, 155 OR 156 OR SUBDIVISION 3 OF SECTION 6902  OF
ARTICLE  139  OF  THE  EDUCATION  LAW MAY FORM, OR CAUSE TO BE FORMED, A
PROFESSIONAL SERVICE LIMITED LIABILITY COMPANY TO PROVIDE MULTIDISCIPLI-
NARY SERVICES WITH ONE OR MORE LICENSED PROFESSIONALS,  SUBJECT  TO  THE
FOLLOWING  CONDITIONS: (I) EACH MEMBER OF SUCH LIMITED LIABILITY COMPANY

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD11509-01-5

Co-Sponsors

S5862A (ACTIVE) - Details

See Assembly Version of this Bill:
A8153
Current Committee:
Senate Corporations, Authorities And Commissions
Law Section:
Limited Liability Company Law
Laws Affected:
Amd §§1203, 1207 & 1301, Lim Lil L; amd §1503, BC L; amd §§121-1500 & 121-1502, Partn L; amd §§6509-a, 6530 & 6531, Ed L; amd §2801, Pub Health L
Versions Introduced in Other Legislative Sessions:
2017-2018: S4125, A1943
2019-2020: A6377
2021-2022: A3526

S5862A (ACTIVE) - Summary

Authorizes certain licensed health service professionals to form limited liability companies.

S5862A (ACTIVE) - Sponsor Memo

S5862A (ACTIVE) - Bill Text download pdf

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

                                 5862--A

                       2015-2016 Regular Sessions

                            I N  S E N A T E

                              June 9, 2015
                               ___________

Introduced  by  Sens.  LAVALLE, BOYLE, PARKER, VALESKY -- read twice and
  ordered printed, and when printed to be committed to the Committee  on
  Rules -- recommitted to the Committee on Corporations, Authorities and
  Commissions  in  accordance  with  Senate  Rule 6, sec. 8 -- committee
  discharged, bill amended, ordered reprinted as amended and recommitted
  to said committee

AN ACT to amend the limited liability company law, the  business  corpo-
  ration  law,  the  partnership  law,  the education law and the public
  health  law,  in  relation  to  authorizing  certain  licensed  health
  services professionals to form limited liability companies

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

  Section 1. Subdivision (a) of section 1203 of  the  limited  liability
company  law,  as amended by chapter 554 of the laws of 2013, is amended
to read as follows:
  (a) Notwithstanding the education law or any other provision  of  law,
one  or more professionals each of whom is authorized by law to render a
professional service within the state, or one or more professionals,  at
least  one of whom is authorized by law to render a professional service
within the state, may form,  or  cause  to  be  formed,  a  professional
service  limited liability company for pecuniary profit under this arti-
cle for the purpose of rendering the professional service or services as
such professionals are authorized to practice. With respect to a profes-
sional service limited  liability  company  formed  to  provide  medical
services  as  such  services are defined in article 131 of the education
law, each member of such limited  liability  company  must  be  licensed
pursuant  to  article  131  of the education law to practice medicine in
this state. NOTWITHSTANDING ANY OTHER PROVISION  OF  THIS  SECTION,  ANY
PERSON LICENSED PURSUANT TO ARTICLE 131 OF THE EDUCATION LAW TO PRACTICE
MEDICINE  AND  ANY  PERSON  LICENSED PURSUANT TO ARTICLES 132, 137, 140,
141, 143, 144, 153, 154, 155 OR 156 OR SUBDIVISION 3 OF SECTION 6902  OF

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD11509-02-6

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