HOUSE BILL No. 5377

 

February 27, 2014, Introduced by Reps. Haines and Clemente and referred to the Committee on Health Policy.

 

     A bill to amend 1972 PA 284, entitled

 

"Business corporation act,"

 

by amending section 109 (MCL 450.1109), as amended by 2012 PA 569.

 

THE PEOPLE OF THE STATE OF MICHIGAN ENACT:

 

     Sec. 109. (1) "Services in a learned profession" means

 

services provided to the public by a dentist, an osteopathic

 

physician, a physician, a surgeon, a doctor of divinity or other

 

clergy, or an attorney-at-law. The term does not include services

 

provided to residents of a nursing home, as defined in section

 

20109 of the public health code, 1978 PA 368, MCL 333.20109, by an

 

osteopathic physician, physician, or surgeon who is an employee or

 

independent contractor of the nursing home.

 

     (2) "Shareholder" means a person that holds units of

 

proprietary interest in a corporation and is considered to be

 


synonymous with "member" in a nonstock corporation.

 

     (3) "Shares" means the units into which proprietary interests

 

in a corporation are divided and is considered to be synonymous

 

with "membership" in a nonstock corporation.

 

     Enacting section 1. This amendatory act does not take effect

 

unless Senate Bill No.___ or House Bill No. 5375 (request no.

 

02945'13) of the 97th Legislature is enacted into law.