79-29-902 - Article definitions.
§ 79-29-902. Article definitions.
As used in this article, unless the context requires otherwise:
(a) "Disqualified person" means an individual, general partnership, professional limited liability company or other entity that for any reason is or becomes ineligible under this article to be a member of a professional limited liability company.
(b) "Domestic professional limited liability company" means a professional limited liability company.
(c) "Foreign professional limited liability company" means a limited liability company formed for the purpose of rendering professional services under a law other than the law of this state.
(d) "Law" includes rules promulgated in accordance with Section 79-29-929.
(e) "Licensing authority" means the office, board, agency, court or other authority in this state empowered to license or otherwise authorize the rendition of a professional service.
(f) "Professional limited liability company" means a limited liability company, other than a foreign professional limited liability company, subject to the provisions of this article.
(g) "Professional service" means a service that may be lawfully rendered only by a person licensed or otherwise authorized by a licensing authority in this state to render the service, including, without limitation, certified public accountants, dentists, architects, veterinarians, osteopaths, physicians, surgeons and attorneys-at-law.
(h) "Qualified person" means an individual, general partnership, professional limited liability company or other entity that is eligible under this article to be a member of a professional limited liability company.
Sources: Laws, 1994, ch. 402, § 56; Laws, 1995, ch. 494, § 37, eff from and after July 1, 1995.