Senate Bill No. 65–Committee on Judiciary

 

February 7, 2003

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Referred to Committee on Commerce and Labor

 

SUMMARY—Allows formation of certain professional corporations. (BDR 7‑335)

 

FISCAL NOTE:  Effect on Local Government: No.

                           Effect on the State: No.

 

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EXPLANATION – Matter in bolded italics is new; matter between brackets [omitted material] is material to be omitted.

 

AN ACT relating to professional corporations; allowing the formation of certain professional corporations; and providing other matters properly relating thereto.

 

THE PEOPLE OF THE STATE OF NEVADA, REPRESENTED IN

SENATE AND ASSEMBLY, DO ENACT AS FOLLOWS:

 

1-1  Section 1. NRS 89.050 is hereby amended to read as follows:

1-2  89.050  1.  Except as otherwise provided in subsection 2, a

1-3  professional corporation may be organized only for the purpose of

1-4  rendering one specific type of professional service and may not

1-5  engage in any business other than rendering the professional service

1-6  for which it was organized and services reasonably related thereto,

1-7  except that a professional corporation may own real and personal

1-8  property appropriate to its business and may invest its money in any

1-9  form of real property, securities or any other type of investment.

1-10      2.  A professional corporation may be organized to render a

1-11  professional service relating to:

1-12      (a) Architecture, interior design, residential design, engineering

1-13  and landscape architecture, or any combination thereof, and may be

1-14  composed of persons:

1-15          (1) Engaged in the practice of architecture as provided in

1-16  chapter 623 of NRS;

1-17          (2) Practicing as a registered interior designer as provided in

1-18  chapter 623 of NRS;

2-1       (3) Engaged in the practice of residential design as provided

2-2  in chapter 623 of NRS;

2-3       (4) Engaged in the practice of landscape architecture as

2-4  provided in chapter 623A of NRS; and

2-5       (5) Engaged in the practice of professional engineering as

2-6  provided in chapter 625 of NRS.

2-7  (b) Medicine, homeopathy [and osteopathy,] , osteopathy and

2-8  psychiatric mental health, and may be composed of persons

2-9  [engaged] :

2-10          (1) Engaged in the practice of medicine as provided in

2-11  chapter 630 of NRS[, persons engaged] ;

2-12          (2) Engaged in the practice of homeopathic medicine as

2-13  provided in chapter 630A of NRS [and persons engaged] ;

2-14          (3) Engaged in the practice of osteopathic medicine as

2-15  provided in chapter 633 of NRS[. Such a] ; and

2-16          (4) Practicing in the field of psychiatric mental

2-17  health.

2-18  A professional corporation described in paragraph (b) may market

2-19  and manage additional professional corporations which are

2-20  organized to render a professional service relating to medicine,

2-21  homeopathy [and osteopathy.] , osteopathy and psychiatric mental

2-22  health.

2-23      3.  A professional corporation may render a professional service

2-24  only through its officers and employees who are licensed or

2-25  otherwise authorized by law to render the professional service.

2-26      4.  For the purposes of this section, the term “persons

2-27  practicing in the field of psychiatric mental health” includes:

2-28      (a) A psychiatrist who is certified by the American Board of

2-29  Psychiatry and Neurology and who is licensed to practice

2-30  medicine in this state;

2-31      (b) A psychologist who is licensed to practice in this state;

2-32      (c) A social worker who holds a master’s degree in social work

2-33  and who is licensed by the State as a clinical social worker;

2-34      (d) A registered nurse who is licensed to practice professional

2-35  nursing in this state and who holds a master’s degree in the field

2-36  of psychiatric nursing; and

2-37      (e) A marriage and family therapist who is licensed pursuant

2-38  to chapter 641A of NRS.

2-39      Sec. 2.  This act becomes effective upon passage and approval.

 

2-40  H