Legislation
SECTION 1201
Definitions
Limited Liability Company Law (LLC) CHAPTER 34, ARTICLE 12
§ 1201. Definitions. As used in this article, unless the context
otherwise requires, the term:
(a) "Licensing authority" means the regents of the university of the
state of New York or the state education department, as the case may be,
in the case of all professions licensed under title eight of the
education law, and the appropriate appellate division of the supreme
court in the case of the profession of law.
(b) "Profession" includes any practice as an attorney and
counselor-at-law, or as a licensed physician, and those professions
designated in title eight of the education law.
(c) "Professional" means an individual duly authorized to practice a
profession, a professional service corporation, a professional service
limited liability company, a foreign professional service limited
liability company, a registered limited liability partnership, a foreign
limited liability partnership, a foreign professional service
corporation or a professional partnership.
(d) "Professional service" means any type of service to the public
that may be lawfully rendered by a member of a profession within the
purview of his or her profession.
(e) "Professional service corporation" means (i) a corporation
organized under article fifteen of the business corporation law and (ii)
any other corporation organized under the business corporation law or
under any other predecessor statute, which is authorized by, or holds a
license, certificate, registration or permit issued by, the licensing
authority pursuant to the education law to render professional services
within this state.
(f) "Professional service limited liability company" means a limited
liability company organized under this article.
(g) "Foreign professional service corporation" has the meaning given
to it in subdivision (d) of section fifteen hundred twenty-five of the
business corporation law.
(h) "Foreign professional service limited liability company" has the
meaning given to it in subdivision (a) of section thirteen hundred one
of this chapter.
(i) "Professional partnership" means (1) a partnership without limited
partners each of whose partners is a professional authorized by law to
render a professional service within this state, (2) a partnership
without limited partners each of whose partners is a professional, at
least one of whom is authorized by law to render a professional service
within this state or (3) a partnership without limited partners
authorized by, or holding a license, certificate, registration or permit
issued by the licensing authority pursuant to the education law to
render a professional service within this state.
otherwise requires, the term:
(a) "Licensing authority" means the regents of the university of the
state of New York or the state education department, as the case may be,
in the case of all professions licensed under title eight of the
education law, and the appropriate appellate division of the supreme
court in the case of the profession of law.
(b) "Profession" includes any practice as an attorney and
counselor-at-law, or as a licensed physician, and those professions
designated in title eight of the education law.
(c) "Professional" means an individual duly authorized to practice a
profession, a professional service corporation, a professional service
limited liability company, a foreign professional service limited
liability company, a registered limited liability partnership, a foreign
limited liability partnership, a foreign professional service
corporation or a professional partnership.
(d) "Professional service" means any type of service to the public
that may be lawfully rendered by a member of a profession within the
purview of his or her profession.
(e) "Professional service corporation" means (i) a corporation
organized under article fifteen of the business corporation law and (ii)
any other corporation organized under the business corporation law or
under any other predecessor statute, which is authorized by, or holds a
license, certificate, registration or permit issued by, the licensing
authority pursuant to the education law to render professional services
within this state.
(f) "Professional service limited liability company" means a limited
liability company organized under this article.
(g) "Foreign professional service corporation" has the meaning given
to it in subdivision (d) of section fifteen hundred twenty-five of the
business corporation law.
(h) "Foreign professional service limited liability company" has the
meaning given to it in subdivision (a) of section thirteen hundred one
of this chapter.
(i) "Professional partnership" means (1) a partnership without limited
partners each of whose partners is a professional authorized by law to
render a professional service within this state, (2) a partnership
without limited partners each of whose partners is a professional, at
least one of whom is authorized by law to render a professional service
within this state or (3) a partnership without limited partners
authorized by, or holding a license, certificate, registration or permit
issued by the licensing authority pursuant to the education law to
render a professional service within this state.