Section 304-D:5 – Rendering Professional Services.
304-D:5 Rendering Professional Services. – A professional limited liability company, domestic or foreign, may render professional services in this state only through those persons permitted to render such services by the appropriate licensing authority. Nothing in this chapter shall be construed: I. To require that any person who is employed by a professional limited […]
Section 304-D:6 – Name of Professional Limited Liability Company.
304-D:6 Name of Professional Limited Liability Company. – The name of a domestic professional limited liability company or of a foreign professional limited liability company authorized to transact business in this state: I. Shall end with one of the following words or abbreviations: " professional limited liability company " or " P.L.L.C. " or […]
Section 304-D:7 – Members and Transfer of Interests; Certificates.
304-D:7 Members and Transfer of Interests; Certificates. – I. No person may be a member of a professional limited liability company except: (a) Natural persons who are authorized by law in this state, any other state or territory of the United States or the District of Columbia, or any foreign country to render professional […]
Section 304-D:8 – Death or Disqualification of a Member.
304-D:8 Death or Disqualification of a Member. – Unless otherwise provided in the limited liability company agreement, upon the death of a member of a professional limited liability company, or if a member of a professional limited liability company becomes a disqualified person, or if an interest in a professional limited liability company is […]
Section 304-D:9 – Liability of Members and Employees.
304-D:9 Liability of Members and Employees. – I. Any reference to a professional limited liability company in this section shall include both domestic and foreign professional limited liability companies. II. Every individual who renders professional services as a member, manager, or employee of a professional limited liability company shall be liable for any negligent […]
Section 304-D:10 – Professional Relationships; Privileged Communications.
304-D:10 Professional Relationships; Privileged Communications. – I. The relationship between an individual performing professional services as a member, manager, or employee of a professional limited liability company, domestic or foreign, and a client or patient shall be the same as if the individual performed the services as a sole practitioner. II. The relationship between […]
Section 304-D:11 – Voting.
304-D:11 Voting. – No proxy for the purpose of voting as a member or manager in a professional limited liability company shall be valid unless it is given to a qualified person. A voting trust with respect to voting in a professional limited liability company shall not be valid unless all the trustees and […]
Section 304-D:12 – Officers and Managers.
304-D:12 Officers and Managers. – Except as otherwise provided by the licensing laws of this state and rules adopted under these laws or by any licensing authority in this state, each manager of a professional limited liability company, if any, and all the officers, if any, other than the secretary or an assistant secretary […]
Section 304-D:13 – Merger.
304-D:13 Merger. – I. A professional limited liability company may merge with another professional limited liability company, domestic, or foreign, only if every member of each professional limited liability company is qualified to be a member of the surviving professional limited liability company. II. Upon the merger of a professional limited liability company, if […]
Section 304-D:14 – Termination of Professional Activities.
304-D:14 Termination of Professional Activities. – If a professional limited liability company ceases to render professional services, it shall, within a reasonable period of time, either dissolve and liquidate or amend its certificate of formation to delete from its stated purposes the rendering of professional services and to conform to the requirements of the […]