§ 1304. Foreign professional service limited liability company. No
foreign professional service limited liability company shall engage in
any profession or carry on, or conduct or transact any other business or
activities in this state other than the rendering of the professional
services or the carrying on, or conducting or transacting of any other
business or activities for which it is formed and is authorized to do
business in this state; provided that such limited liability company may
invest its funds in real estate, mortgages, stocks, bonds or any other
type of investments; provided, further, that a foreign professional
service limited liability company (i) authorized to practice law may
only engage in another profession or other business or activities in
this state or (ii) which is engaged in a profession or other business or
activities other than law, may only engage in the practice of law in
this state, to the extent not prohibited by any other law of this state
or any rule adopted by the appropriate appellate division of the supreme
court or the court of appeals.