TO AMEND THE CORPORATE PRACTICE OF MEDICINE DOCTRINE; AND TO AUTHORIZE A LICENSED MEDICAL PROFESSIONAL WHO OWNS A MEDICAL CORPORATION TO MAINTAIN OWNERSHIP UPON AN INACTIVE LICENSE OR RETIREMENT.

Senate Bill 262 sought to allow a licensed medical professional who owns a medical corporation to maintain that ownership even if their medical license becomes inactive or they retire. This would be permitted provided that all medical services continue to be delivered by currently licensed individuals. Additionally, the owner's license must have been in good standing, free from disciplinary action, suspension, or revocation, at the time it became inactive or was voluntarily surrendered.