92nd General Assembly
Summary of SB0133
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Senate Sponsors:
PARKER.

House Sponsors:
COULSON-MAY-MILLER

Short description: 
LIMITED LIABILITY CO-MEDICAL                                               

Synopsis of Bill as introduced:
        Amends the Limited  Liability  Company  Act.   Provides  that  in      
   addition  to  the  requirement that a limited liability company may be      
   formed for the practice of medicine if all the  managers  and  members      
   are  licensed  to  practice medicine under the Medical Practice Act of      
   1987, a limited liability company may be formed for  the  practice  of      
   medicine  if  all the managers are licensed to practice medicine under      
   the Medical Practice Act of 1987 and any of the  following  conditions      
   apply:  (1)  the  member  or members are licensed to practice medicine      
   under the Medical Practice Act of 1987; (2) the member or members  are      
   a registered medical corporation or corporations organized pursuant to      
   the  Medical  Corporation  Act;  (3)  the  member  or  members  are  a      
   professional  corporation  organized pursuant the Professional Service      
   Corporation Act that provides the same professional  services  as  the      
   limited  liability  company;  or  (4)  the  member  is another medical      
   limited liability company.  Effective immediately.                          
        SENATE AMENDMENT NO. 1.                                                
        Provides that a limited liability company may practice medicine        
   if the members are a professional corporation organized pursuant to         
   the Professional Service Corporation Act of physicians licensed to          
   practice medicine in all of its branches. Makes other technical             
   changes.                                                                    
 
Last action on Bill: PUBLIC ACT.............................. 92-0144

   Last action date: JUL-24-2001

           Location: Senate

 Amendments to Bill: AMENDMENTS ADOPTED: HOUSE -   0     SENATE -   1


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