633.695 - Authority of nonprofit medical school or research institution to operate as corporation, operate clinic in conjunction with school or research facility and retain portion of money generated
633.695 Authority of nonprofit medical school or research institution to operate as corporation, operate clinic in conjunction with school or research facility and retain portion of money generated by clinic. A private nonprofit school of osteopathic medicine that is licensed by the Commission on Postsecondary Education and approved by the American Osteopathic Association’s Commission on College Accreditation may, notwithstanding any provision of law to the contrary:
1. Operate as a corporation or other business organization or association with ownership or control shared by persons licensed pursuant to this chapter and persons not licensed pursuant to this chapter;
2. Operate a clinic in conjunction with the school which is staffed by osteopathic physicians or physicians who are:
(a) Licensed pursuant to this chapter or chapter 630 of NRS, respectively; and
(b) Members of the faculty of the school; and
3. Retain all or a portion of the money generated by a clinic described in subsection 2, including, without limitation, any professional income generated by an osteopathic physician or physician staffing the clinic.
(Added to NRS by 2007, 1831)