Assembly Bill A5580

2017-2018 Legislative Session

Permits psychologists to form limited liability companies

download bill text pdf

Sponsored By

Archive: Last Bill Status - In Assembly Committee


  • Introduced
    • In Committee Assembly
    • In Committee Senate
    • On Floor Calendar Assembly
    • On Floor Calendar Senate
    • Passed Assembly
    • Passed Senate
  • Delivered to Governor
  • Signed By Governor

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2017-A5580 (ACTIVE) - Details

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 §2801, Pub Health L; amd §6530, Ed L
Versions Introduced in Other Legislative Sessions:
2011-2012: A10777
2013-2014: A801
2015-2016: A6925
2019-2020: A4227

2017-A5580 (ACTIVE) - Summary

Permits psychologists to form limited liability companies.

2017-A5580 (ACTIVE) - Bill Text download pdf

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   5580
 
                        2017-2018 Regular Sessions
 
                           I N  A S S E M B L Y
 
                             February 10, 2017
                                ___________
 
 Introduced  by  M. of A. WEPRIN, BUCHWALD -- Multi-Sponsored by -- M. of
   A. LUPINACCI, PAULIN, WALKER -- read once and referred to the  Commit-
   tee on Higher Education
 
 AN  ACT  to amend the limited liability company law, the business corpo-
   ration law, the partnership law, the public health law and the  educa-
   tion  law,  in relation to allowing psychologists licensed under title
   VIII, article 153 of the  education  law  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. Legislative intent. 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 providers, including  psychologists,  from
 co-owning a practice and collaborating 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.
   §  2. 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-

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

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