93RD GENERAL ASSEMBLY
State of Illinois
2003 and 2004
HB5099


 
Introduced 02/05/04, by Elizabeth Coulson
 
SYNOPSIS AS INTRODUCED:
 		













805 ILCS 15/13
  from Ch. 32, par. 643







    Amends the Medical Corporation Act.
Requires officers, directors, and shareholders of medical corporations to be
licensed under the Medical Practice Act of 1987, the Physician Assistant
Practice Act of 1987, the Podiatric Medical Practice Act of 1987, or, if an
officer, director, or shareholder is an advanced practice nurse, the Nursing
and Advanced Practice Nursing Act
(rather than the Medical Practice Act of 1987 only).  Effective
immediately.
















LRB093 17649 RXD 43324 b

















 


 


A BILL FOR









 











HB5099

LRB093 17649 RXD 43324 b






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    AN ACT concerning business organizations. 

 
2
    Be it enacted by the People of the State of Illinois, 
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represented in the General Assembly: 


 
4
    Section 5. The Medical Corporation Act is amended by 
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changing
Section 13 as follows:


 
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    (805 ILCS 15/13)  (from Ch. 32, par. 643)

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    Sec. 13. All of the officers, directors and shareholders of 
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a corporation
subject to this Act shall at all times be persons 
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licensed pursuant to the
Medical Practice Act of 1987, the 
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Physician Assistant Practice Act
of
1987, the Podiatric Medical 
11
Practice Act of 1987, or, if an officer, director,
or 
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shareholder is an advanced practice nurse, the Nursing and 
13
Advanced Practice
Nursing Act. No person who is not so licensed 
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shall
have any part in the ownership, management, or control of 
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such corporation,
nor may any proxy to vote any shares of such 
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corporation be given to a
person who is not so licensed. 
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Notwithstanding any provisions to the
contrary in the "Business 
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Corporation Act of 1983", as now or hereafter
amended, if all 
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of the shares of a corporation subject to this Act are
owned by 
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one shareholder, the office of president and secretary may be 
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held
by the same person.


22
(Source: P.A. 85-1209.)


 
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    Section 99. Effective date. This Act takes effect upon 
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becoming law.