Corporate Practice Waiver Entities
Governor Cuomo signed Chapter 187 of the Laws of 2011 on July 21, 2011, to extend until February 1, 2012, the deadline by which a not-for-profit or education entity must submit an application for the waiver. The Office of the Professions has posted applications for not-for-profit, religious and educational corporations that are seeking a waiver from the corporate practice prohibitions in the Education Law. The applications implement the provisions of Chapters 130 and 132 of the Laws of 2010, as amended by Chapter 187 of 2011, and reflect the regulations adopted by the Board of Regents in February 2011. The law and regulations allow the Office of the Professions to issue a waiver to qualified not-for-profit and educational corporations, to overcome the corporate practice prohibitions in Education Law. An entity that seeks a waiver must submit the application on or before February 1, 2012. The entity may continue to provide professional services until the waiver application is approved or until the application is denied.
Click here for a list of the applications received by the State Education Department to date.