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This entry was published on 2014-09-22
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Business Corporation (BSC) CHAPTER 4, ARTICLE 15-A
§ 1525. Definitions.

As used in this article, unless the context otherwise requires, the

(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
counsellor-at-law, or as a licensed physician, and those professions
designated in title eight of the education law.

(c) "Professional service" means any type of service to the public
which may be lawfully rendered by a member of a profession within the
purview of his profession.

(d) "Foreign professional service corporation" means a professional
service corporation, whether or not denominated as such, organized under
the laws of a jurisdiction other than this state, all of the
shareholders, directors and officers of which are authorized and
licensed to practice the profession for which such corporation is
licensed to do business; except that all shareholders, directors and
officers of a foreign professional service corporation which provides
health services in this state shall be licensed in this state.

(e) "Officer" does not include the secretary or an assistant secretary
of a corporation having only one shareholder.