Nevada Code § 633.695

Authority of nonprofit medical school or research institution to operate as business organization or association, operate clinic in conjunction with school or research facility and retain portion of money generated by clinic
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A private nonprofit school
of osteopathic medicine that is licensed by the Commission on Postsecondary
Education and approved by the American Osteopathic Associations 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.

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