1210 – Death, Disqualification or Dissolution of Members.
§ 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 pursuant to the provisions of section twelve hundred nine of this article or in the case of a member that is a […]
1211 – Transfer of a Membership Interest.
§ 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 except to another professional eligible to become a member of such limited liability company or except in trust to another professional who would […]
1212 – Limited Liability Company Name.
§ 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 formation, could be used in the name of a partnership or professional service corporation practicing a profession that such limited liability company is authorized […]
1102 – Records.
§ 1102. Records. (a) Each domestic limited liability company shall maintain the following records, which may, but need not, be maintained in this state: (1) if the limited liability company is managed by a manager or managers, a current list of the full name set forth in alphabetical order and last known mailing address of […]
1103 – Transactions of Business Outside the State.
§ 1103. Transactions of business outside the state. (a) It is the intention of the legislature by the enactment of this chapter that the legal existence of a limited liability company formed under this chapter be recognized beyond the limits of this state and that, subject to any reasonable registration requirements, any such limited liability […]
1104 – Limited Liability Companies Prohibited From Interposing Defense of Usury.
§ 1104. Limited liability companies prohibited from interposing defense of usury. (a) No domestic or foreign limited liability company shall hereafter interpose the defense of usury in any action. (b) The provisions of subdivision (a) of this section shall not apply to a domestic or foreign limited liability company, the principal asset of which is […]
1105 – Limited Liability Geology Company.
§ 1105. Limited liability geology company. (a) Prior to the first day of March, two thousand nineteen, the state education department and the department of state shall allow an existing limited liability company organized under article two of this chapter to become a professional service limited liability company as defined in article twelve of this […]
1201 – Definitions.
§ 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 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 […]
1202 – Limited Liability Companies Organized Under Other Provisions of Law.
§ 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.
§ 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 professional service within the state, or one or more professionals, at least one of whom is authorized by law to render a professional service within the state, […]