§ 48-249-1115. Termination of Membership Interest or Financial Rights of a Disqualified Person
If the membership interest or financial rights of a member or holder of financial rights is not or are not purchased under § 48-249-1112 or 48-249-1113 within ten (10) months after the death of the member or holder, or within five (5) months after the occurrence of any other event giving rise to the PLLC’s […]
§ 48-249-1116. Disqualification of Members and Other Persons
If any member or holder of financial rights of a PLLC becomes disqualified to render those professional services for which the PLLC was formed, or has elected professional LLC status within this state, such member or holder shall be deemed to have resigned and withdrawn from the PLLC, and shall have no further interests as […]
§ 48-249-1117. Directors, Managers and Officers
If persons other than qualified persons are permitted by the licensing authority to serve as directors, managers or officers of a PLLC, not less than one half (½) of the directors, if any, all managers, if any, and all officers, if any, except the secretary, assistant secretary and treasurer, if any, of a PLLC, shall […]
§ 48-249-1118. Privilege
A privilege applicable to communications between an individual rendering professional services and the person receiving the services recognized under the statutes or common law of this state is not affected by this part. The privilege applies to a domestic or foreign PLLC and to its members, holders of financial rights, directors, managers, officers and employees […]
§ 48-249-1119. Liability
Individual professional liability. Each individual who renders professional services as a member, holder of financial rights, director, manager, officer, employee or other agent of a domestic or foreign PLLC is liable for such person’s own negligent or wrongful acts or omissions, to the same extent as if the person rendered the services as a sole […]
§ 48-249-1120. Mergers and Conversions
Mergers and conversions permitted. A PLLC may merge with or into, or convert into, any other entity permitted to render the professional services of the PLLC in this state, in the same manner and to the same extent as LLCs under part 7 of this chapter, and any entity permitted to render professional services of […]
§ 48-249-1121. Cessation of Professional Services
If a domestic PLLC ceases to render professional services, it shall amend or restate its articles to delete references to rendering professional services and to conform its name to the requirements of § 48-249-106. After the amendment or restatement becomes effective, the domestic PLLC may continue in existence as an LLC under this chapter, and […]
§ 48-249-1122. Dissolution
The attorney general and reporter may commence a proceeding to dissolve a PLLC under § 48-249-617, if: The secretary of state or a licensing authority with jurisdiction over a professional service described in the PLLC’s articles serves written notice on the PLLC, in accordance with § 48-249-112, that it has violated or is violating a […]
§ 48-249-1123. Foreign Pllcs
Certificate of authority required. Except as provided in subsection (c), a foreign PLLC may not transact business in this state until it obtains a certificate of authority from the secretary of state. Requirements. A foreign PLLC may not obtain a certificate of authority, unless: Its name satisfies the requirements of § 48-249-1108; It is formed […]
§ 48-249-1108. Name
Name requirements. The name of a domestic PLLC and of a foreign PLLC that is applying for a certificate of authority or is authorized to transact business in this state, in addition to satisfying the requirements of §§ 48-249-106 and 48-249-903, except the requirement that the name include the words “limited liability company” or “LLC”: […]