assembly Bill A1943

2017-2018 Legislative Session

Authorizes certain licensed health service professionals to form limited liability companies

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Sponsored By

Archive: Last Bill Status - In Assembly Committee


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

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Actions

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Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Jan 03, 2018 referred to higher education
Jan 17, 2017 referred to higher education

Co-Sponsors

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Multi-Sponsors

A1943 (ACTIVE) - Details

See Senate Version of this Bill:
S4125
Current Committee:
Assembly Higher Education
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:
2015-2016: A8153, S5862
2019-2020: A6377

A1943 (ACTIVE) - Summary

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

A1943 (ACTIVE) - Bill Text download pdf


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

                                  1943

                       2017-2018 Regular Sessions

                          I N  A S S E M B L Y

                            January 17, 2017
                               ___________

Introduced  by  M.  of  A. PEOPLES-STOKES, TITONE, BENEDETTO, SEPULVEDA,
  STECK, LUPINACCI -- Multi-Sponsored by -- M. of A. ARROYO -- read once
  and referred to the Committee on Higher Education

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 475 of the laws of 2014, 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

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