New York Business Corporation Law Article 15 - PROFESSIONAL SERVICE CORPORATIONS

• 1501 - 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...
• 1502 - Corporations Organized Under Other Provisions of Law.
  The provisions of this article shall not apply to corporations heretofore or hereafter duly organized under any other provision of law.
• 1503 - Organization.
  (a) Notwithstanding any other provision of law, one or more individuals duly authorized by law to render the same professional service within the state may...
• 1504 - Rendering of Professional Service.
  (a) No professional service corporation, including a design professional service corporation, may render professional services except through individuals authorized by law to render such professional...
• 1505 - Professional Relationships and Liabilities.
  (a) Each shareholder, employee or agent of a professional service corporation and a design professional service corporation shall be personally and fully liable and accountable...
• 1506 - Purposes of Incorporation.
  No professional service corporation or design professional service corporation shall engage in any business other than the rendering of the professional services for which it...
• 1507 - Issuance of Shares.
  (a) A professional service corporation may issue shares only to individuals who are authorized by law to practice in this state a profession which such...
• 1508 - Directors and Officers.
  (a) No individual may be a director or officer of a professional service corporation unless he is authorized by law to practice in this state...
• 1509 - Disqualification of Shareholders, Directors, Officers and Employees.
  If any shareholder, director, officer or employee of a professional service corporation, including a design professional service corporation, who has been rendering professional service to...
• 1510 - Death or Disqualification of Shareholders.
  (a) A professional service corporation, including a design professional service corporation, shall purchase or redeem the shares of a shareholder in case of his death...
• 1511 - Transfer of Shares.
  (a) No shareholder of a professional service corporation or a design professional service corporation may sell or transfer his shares in such corporation except to...
• 1512 - Corporate Name.
  (a) Notwithstanding any other provision of law, the name of a professional service corporation, including a design professional service corporation, may contain any word which,...
• 1513 - Business Corporation Law Applicable.
  This chapter, except article 13 and article 15-A, shall be applicable to a professional service corporation, including a design professional service corporation, except to the...
• 1514 - Triennial Statement.
  (a) Each professional service corporation shall, at least once every three years on or before the date prescribed by the licensing authority, furnish a statement...
• 1515 - Regulation of Professions.
  This article shall not repeal, modify or restrict any provision of the education law or the judiciary law regulating the professions referred to therein except...
• 1516 - Corporate Mergers, Consolidations and Other Reorganizations.
  (a) Notwithstanding any inconsistent provision of this article, and subject to the limitations in paragraph (d) of this section, a professional service corporation, including a...

Last modified: February 3, 2019