(a) It shall be unlawful for any nonprofit, tax exempt, or governmentally funded hospital to acquire direct or indirect interest in or otherwise hold directly or indirectly a licensed pharmacy permit pursuant to the provisions of § 17-92-405, for the sale at retail of drugs and medicines.
(b) However, nothing contained in this section shall be construed to prohibit any hospital having a direct or indirect interest in or otherwise holding either directly or indirectly a permit before March 28, 1975, from continuing to have an interest in or holding the permit. Nothing contained in this section shall be construed to prohibit any hospital so holding a permit before March 28, 1975, from receiving a renewal of the permit.
Structure Arkansas Code
Title 17 - Professions, Occupations, and Businesses
Subtitle 3 - Medical Professions
Chapter 92 - Pharmacists and Pharmacies
Subchapter 6 - Hospital Pharmacies Act
§ 17-92-604. Regulatory authority
§ 17-92-605. Hospital pharmacy license — Services permitted
§ 17-92-606. Hospital pharmaceutical permit
§ 17-92-607. Unlawful for hospital to hold licensed pharmacy permit — Exceptions