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 […]
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:1 – Definition; Professional Service; Professional Limited Liability Companies.
304-D:1 Definition; Professional Service; Professional Limited Liability Companies. – In this chapter: I. "Disqualified person" means a natural person, corporation, partnership, fiduciary, trust, association, government agency, or other entity which for any reason is or becomes ineligible under this chapter to be a member of a professional limited liability company. II. "Domestic professional limited […]
Section 304-D:2 – Permissible Purposes of Professional Limited Liability Companies.
304-D:2 Permissible Purposes of Professional Limited Liability Companies. – I. Except as provided in RSA 304-D:2, II, professional limited liability companies may be organized under this chapter only for the purpose of rendering professional services, including necessary related services, within a single profession. II. A professional limited liability company may be formed for the […]
Section 304-D:3 – Prohibited Activities.
304-D:3 Prohibited Activities. – A professional limited liability company shall not engage in any profession or business other than the profession or professions and businesses permitted by its certificate of formation, except that a professional limited liability company may invest its funds in real estate, mortgages, stocks, bonds or any other type of investment. […]
Section 304-D:4 – General Powers.
304-D:4 General Powers. – A professional limited liability company shall have the powers enumerated in the laws of this state applicable to limited liability companies, except that a professional limited liability company may be a promoter, general partner, member, employee or manager only of a partnership, limited liability company, or corporation engaged only in […]