Section 5-101 - Definitions.
§ 5-101. Definitions.
(a) In general.- In this subtitle the following words have the meanings indicated.
(b) Disqualified person.- "Disqualified person" means an individual or entity that for any reason is or becomes ineligible under this subtitle to be issued stock by a professional corporation.
(c) Foreign professional corporation.- "Foreign professional corporation" means a professional corporation organized under the laws of another state or a territory, possession, or district of the United States.
(d) License.- "License" means any license, certification, certificate, registration, or other legal authorization required by statute as a condition precedent to the performance of a professional service in the State.
(e) Licensing unit.- "Licensing unit" means the board, agency, court, or other entity that licenses or otherwise legally authorizes the rendition of a professional service.
(f) Professional corporation.- "Professional corporation" means a corporation organized under this subtitle for the purpose of rendering professional services.
(g) Professional service.-
(1) "Professional service" means a service that may lawfully be rendered only by a person licensed or otherwise authorized by a licensing unit in the State to render the service and that may not lawfully be rendered by a corporation under the Maryland General Corporation Law.
(2) "Professional service" includes, but is not limited to, a service provided by:
(i) An architect;
(ii) An attorney;
(iii) A certified public accountant;
(iv) A chiropractor;
(v) A dentist;
(vi) An osteopath;
(vii) A podiatrist;
(viii) A physician;
(ix) A professional engineer;
(x) A licensed real estate broker, licensed real estate salesperson, and licensed associate real estate broker;
(xi) A veterinarian;
(xii) A psychologist; and
(xiii) A physical therapist.
(h) Qualified person.- "Qualified person" means an individual, professional corporation, or general partnership that is eligible under this Act to be issued stock by a professional corporation.
[1993, ch. 413, § 2; 2007, chs. 31, 32.]