By: Barrientos S.B. No. 917 97S0294/1 A BILL TO BE ENTITLED AN ACT 1-1 relating to the ownership of a professional association. 1-2 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: 1-3 SECTION 1. Subsection (B), Section 2, Texas Professional 1-4 Association Act (Article 1528f, Vernon's Texas Civil Statutes), is 1-5 amended to read as follows: 1-6 (B) Licenses. All members of the association shall be 1-7 licensed to perform the type of professional service for which the 1-8 association is formed. For the purposes of this Act, persons 1-9 licensed by the Texas State Board of Medical Examiners and persons 1-10 licensed by the Texas State Board of Podiatric Medical Examiners 1-11 shall be deemed to be licensed to perform the same type of 1-12 professional service so as to permit the joint ownership of a 1-13 professional association by podiatrists and doctors of medicine and 1-14 doctors of osteopathy. 1-15 SECTION 2. This Act takes effect September 1, 1997. 1-16 SECTION 3. The importance of this legislation and the 1-17 crowded condition of the calendars in both houses create an 1-18 emergency and an imperative public necessity that the 1-19 constitutional rule requiring bills to be read on three several 1-20 days in each house be suspended, and this rule is hereby suspended.