New York Limited Liability Company Law Article 12 - PROFESSIONAL SERVICE LIMITED LIABILITY COMPANIES

• 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...
• 1202 - Limited Liability Companies Organized Under Other Provisions of Law.
  The provisions of this article shall not apply to limited liability companies heretofore or hereafter duly formed under any other provision of law.
• 1203 - Formation.
  (a) Notwithstanding the education law or any other provision of law, one or more professionals each of whom is authorized by law to render a...
• 1204 - Rendering of Professional Service.
  (a) No professional service limited liability company may render a professional service except through individuals authorized by law to render such professional service, as individuals,...
• 1205 - Professional Relationships and Liabilities.
  (a) Each member, manager, employee or agent of a professional service limited liability company shall be personally and fully liable and accountable for any negligent...
• 1206 - Purposes of Formation.
  No professional service limited liability company shall engage in any profession or professions other than those set forth in its articles of organization. A professional...
• 1207 - Membership of Professional Service Limited Liability Companies.
  (a) A member of a professional service limited liability company shall be only: (1) A professional, other than a foreign professional service corporation, foreign professional...
• 1208 - (Reserved)
• 1209 - Disqualification of Members, Managers and Employees.
  If any member, manager or employee of a professional service limited liability company who has been rendering professional service to the public becomes legally disqualified...
• 1210 - Death, Disqualification or Dissolution of Members.
  (a) A professional service limited liability company shall purchase or redeem the membership interest of a member in case of such member's death or disqualification...
• 1211 - Transfer of a Membership Interest.
  (a) No member of a professional service limited liability company may sell or assign his, her or its membership interest in such limited liability company...
• 1212 - Limited Liability Company Name.
  (a) Notwithstanding any other provision of law, the name of a professional service limited liability company may contain any word that, at the time of...
• 1213 - Limited Liability Company Act Applicable.
  This chapter, except article eight and article thirteen, shall be applicable to a professional service limited liability company except to the extent that the provisions...
• 1214 - (Reserved)
• 1215 - Regulation of Professions.
  This article shall not repeal, modify or restrict any provision of the education law or the judiciary law or any rules or regulations adopted thereunder...
• 1216 - Mergers and Consolidations.
  Notwithstanding any inconsistent provision of this article, a professional service limited liability company, pursuant to the provisions of article ten of this chapter, may be...

Last modified: February 3, 2019