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Sponsors
Senator · Senate District 43
No co-sponsors yet.
History
- Print number 7460a
- Amend (t) and recommit to corporations, authorities and commissions
- Referred to corporations, authorities and commissions
Companion bill
The same bill in the other chamber. A bill becomes law when one version passes both houses and the governor signs it, so either number can carry it.
Permits psychologists to form limited liability companies
In Assembly Committee · Corporations, Authorities And Commissions · Sponsor David Weprin
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
BILL NUMBER:S7460A
Title of bill
An act to amend the limited liability company law, the business corpo- ration law, the partnership law, the public health law and the education law, in relation to allowing psychologists licensed under title VIII, article 153 of the education law to form limited liability companies
Purpose
This bill would authorize physicians and psychologists to form limited liability companies, professional corporations and partnerships with one another. In the last two decades, practice in and among the health professions has changed. Artificial barriers in current law prohibit multidisciplinary practices, which prevents physicians and other provid- ers, including psychologists, from co-owning a practice and collaborat- ing and coordinating on patient care. Such restraints should not prevail, as they are no longer in keeping with best practices in modern health care which espouse the integration of behavioral and physical health.
Summary of provisions
Section 2. Subdivision (a) of section 1203 of the limited liability company law, as separately amended by chapters 420 and 676 of the laws of 2002, is amended to read as follows: (a) Notwithstanding the educa- tion 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 article for the purpose of rendering the professional service or services as such professionals are authorized to practice.
Justification
In the last two decades, practice in and among the health professions has changed. Artificial barriers in current law prohibit multidiscipli- nary practices, which prevents physicians and other providers, including psychologists, from co-owning a practice and collaborating and coordi- nating on patient care.
Legislative history
None.
Fiscal implications
To be determined.
Effective date
This act shall take effect immediately.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.