(a) All of the officers, directors, and shareholders of a corporation subject to this subchapter shall at all times be persons licensed pursuant to the Arkansas Medical Practices Act, § 17-95-201 et seq., § 17-95-301 et seq., and § 17-95-401 et seq.
(b) No person who is not so licensed shall have any part in the ownership, management, or control of the corporation, nor may any proxy to vote any shares of the corporation be given to a person who is not so licensed.
Structure Arkansas Code
Title 4 - Business and Commercial Law
Subtitle 3 - Corporations and Associations
Chapter 29 - Professional Corporations
Subchapter 3 - Medical Corporation Act
§ 4-29-303. Application of Arkansas Business Corporation Act
§ 4-29-304. Physician-patient relationship unaltered
§ 4-29-305. Formation of corporation — Employee licensing required
§ 4-29-307. Officers, directors, and shareholders
§ 4-29-309. Certificate of registration — Issuance, renewal, etc
§ 4-29-310. Certificate of registration — Suspension or revocation
§ 4-29-311. Certificate of registration — Appeal from denial, suspension, or revocation
§ 4-29-312. Shares of deceased or disqualified shareholder — Price
§ 4-29-313. Foreign medical corporations — Certificates of registration — Governance — Licensure