(a) If a foreign medical corporation complies with this subchapter, the Arkansas State Medical Board may issue a certificate of registration to the foreign medical corporation.
(b) A person who is not licensed to practice medicine shall not participate in the ownership, management, or control of a foreign medical corporation.
(c) A proxy to vote shares of a foreign medical corporation shall not be given to a person who is not licensed to practice medicine.
(d) A physician who is affiliated with a foreign medical corporation shall obtain a license to practice medicine from the board before practicing medicine in Arkansas.
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