H-3326.1 _______________________________________________
HOUSE BILL 2542
_______________________________________________
State of Washington 53rd Legislature 1994 Regular Session
By Representative Anderson
Read first time 01/17/94. Referred to Committee on Judiciary.
AN ACT Relating to professional service corporations; and amending RCW 18.100.050.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF WASHINGTON:
Sec. 1. RCW 18.100.050 and 1991 c 72 s 3 are each amended to read as follows:
An
individual or group of individuals duly licensed or otherwise legally
authorized to render the same professional services within this state may
organize and become a shareholder or shareholders of a professional corporation
for pecuniary profit under the provisions of Title 23B RCW for the purpose of
rendering professional service: PROVIDED, That one or more of such legally
authorized individuals shall be the incorporators of such professional
corporation: PROVIDED FURTHER, That notwithstanding any other provision of
this chapter, registered architects and registered engineers may own stock in
and render their individual professional services through one professional
service corporation: PROVIDED FURTHER, That licensed health care
professionals, providing services to enrolled participants either directly or
through arrangements with a health maintenance organization registered under
chapter 48.46 RCW or federally qualified health maintenance organization, may
own stock in and render their individual professional services through one
professional service corporation: ((AND)) PROVIDED FURTHER, That
professionals may organize a nonprofit nonstock corporation under this chapter
and chapter 24.03 RCW to provide professional services, and the provisions of
this chapter relating to stock and referring to Title 23B RCW shall not apply
to any such corporation: AND PROVIDED FURTHER, That notwithstanding any
other provision of this chapter, health care professionals who are licensed or
certified under this title may own stock in and render their individual
professional services through one professional service corporation.
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