79-29-903 - Election of professional limited liability company status.
§ 79-29-903. Election of professional limited liability company status.
(1) One or more persons may form a professional limited liability company by delivering to the Secretary of State for filing a certificate of formation which includes a statement that (a) it is a professional limited liability company, and (b) its purpose is to render the specified professional services.
(2) A limited liability company formed under this chapter (other than a professional limited liability company in existence on July 1, 1995, which is subject to the provisions of Section 79-29-933) may elect professional limited liability company status by amending its certificate of formation to comply with subsection (1) and Section 79-29-908.
(3) Nothing in this article shall be construed to require a person rendering professional services in this state to render such services through a professional limited liability company or foreign professional limited liability company unless a law of this state other than this article so requires.
Sources: Laws, 1994, ch. 402, § 57; Laws, 1995, ch. 494, § 38, eff from and after July 1, 1995.