SB 492, as introduced, Hernandez. Optometric corporations.
The Optometry Practice Act creates the State Board of Optometry, which licenses optometrists and regulates their practice. The act requires an optometric corporation, as defined, in conducting its practice, to observe and be bound by statutes, rules, and regulations to the same extent as a person holding a license to practice optometry. The act authorizes the board to formulate and enforce rules and regulations to carry out the purposes and objectives of the statutes governing optometric corporations, as specified.
This bill would make technical, nonsubstantive changes to these provisions.
Vote: majority. Appropriation: no. Fiscal committee: no. State-mandated local program: no.
The people of the State of California do enact as follows:
Section 3167 of the Business and Professions
2Code is amended to read:
The board may formulate and enforce rules and
4regulations to carry out the purposes and objectives of this article,
5including rules and regulations requiringbegin delete (a) that theend deletebegin insert both of the
6following:end insert
P2 1begin insert(a)end insertbegin insert end insertbegin insertThe end insertarticles of incorporation or bylaws of an optometric
2corporation shallbegin delete include a provision whereby theend deletebegin insert
provide for the
3sale of anyend insert capital stock ofbegin delete suchend deletebegin insert theend insert corporation owned by a
4disqualified personbegin delete (asend deletebegin insert, asend insert defined in the Moscone-Knox
5Professional Corporationbegin delete Act)end deletebegin insert Actend insert, or a deceased personbegin delete shall beend delete
6begin delete soldend delete to the corporation or to the
remaining shareholders ofbegin delete suchend delete
7begin insert theend insert corporation withinbegin delete suchend deletebegin insert theend insert time asbegin delete suchend deletebegin insert theend insert rules and
8regulations may providebegin delete; and (b) that anend deletebegin insert.end insert
9begin insert(b)end insertbegin insert end insertbegin insertAn end insertoptometric corporationbegin insert,end insert as a condition of obtaining a
10certificate pursuant to the Moscone-Knox Professional Corporation
11Act and this articlebegin insert,end insert shall provide adequate security by insurance
12or otherwise forbegin delete claimsend deletebegin insert any claimend insert against it bybegin delete its patientsend deletebegin insert a patientend insert
13
arising out of the rendering of professional services.
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