Z-379 _______________________________________________
HOUSE BILL NO. 35
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State of Washington 49th Legislature 1985 Regular Session
By Representatives Armstrong, G. Nelson and Niemi; by Lieutenant Governor request
Read first time 1/16/85 and 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. Section 5, chapter 122, Laws of 1969 as amended by section 1, chapter 100, Laws of 1983 and RCW 18.100.050 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 23A 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: ((AND)) 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 licensed
health care professionals may organize a nonprofit nonstock corporation under
this chapter and chapter 24.03 RCW to provide professional services.