reglab/housing_qa huggingface dataset:
NY Bus Corp L § 1507 (2021)
2021 New York Laws BSC - Business Corporation Article 15 - Professional Service Corporations 1507 - Issuance of Shares.

§ 1507. Issuance of shares.  (a)  A  professional  service  corporation  may  issue  shares only to individuals who are authorized by  law  to  practice  in  this  state  a profession  which such corporation is authorized to practice and who are or have been  engaged  in  the  practice  of  such  profession  in  such corporation  or a predecessor entity, or who will engage in the practice of such profession in such corporation within thirty days  of  the  date such  shares  are  issued.  No  shareholder  of  a  professional service corporation shall enter into a voting trust  agreement,  proxy,  or  any other  type  agreement  vesting  in  another  person, other than another shareholder of the same corporation or a person who would be eligible to become a shareholder if employed by the corporation,  the  authority  to exercise  voting  power  of any or all of his shares. All shares issued, agreements made, or proxies granted in violation of this  section  shall be void.  (b)  A  design  professional  service  corporation may issue shares to individuals who are authorized by  law  to  practice  in  this  state  a profession  which such corporation is authorized to practice and who are or have been  engaged  in  the  practice  of  such  profession  in  such corporation  or a predecessor entity, or who will engage in the practice of such profession in such corporation within thirty days  of  the  date such  shares  are  issued. A design professional service corporation may also  issue  shares  to  employee  stock  ownership  plans  (ESOPs)  and employees  of  the  corporation  not  licensed  as design professionals, provided that:  (i) greater than seventy-five percent of  the  outstanding  shares  of stock of the corporation are owned by design professionals,  (ii)  an ESOP, either in part or in its entirety, shall not constitute part  of  the  greater  than  seventy-five  percent  owned   by   design professionals,  (iii)  greater  than  seventy-five percent of the directors are design professionals,  (iv) greater than seventy-five percent  of  the  officers  are  design professionals,  (v)  the  president, the chairperson of the board of directors and the chief executive officer or officers are design professionals, and  (vi) the single largest shareholder is either a design professional or an ESOP with greater than seventy-five  percent  of  the  plan's  voting trustees  being  design  professionals  and  greater  than  seventy-five percent of the plan's committee members being design professionals.   No shareholder of a  design  professional  service  corporation  shall enter  into  a  voting  trust  agreement,  proxy  or  any  other type of agreement vesting in another person, other than another  shareholder  of the  same  corporation, the authority to exercise voting power of any or all of his or her shares. All shares issued, agreements made or  proxies granted in violation of this section shall be void.
NY Bus Corp L § 1508 (2021)
2021 New York Laws BSC - Business Corporation Article 15 - Professional Service Corporations 1508 - Directors and Officers.

§ 1508. Directors and officers.  (a)  No  individual  may  be  a  director or officer of a professional service corporation unless he is authorized by law to practice  in  this state  a profession which such corporation is authorized to practice and is either a shareholder of such corporation or engaged in  the  practice of his profession in such corporation.  (b)  The  directors  and  officers  of  a  design professional service corporation may include individuals who are  not  design  professionals, provided   however   that  greater  than  seventy-five  percent  of  the directors, greater than seventy-five percent of  the  officers  and  the president,  the  chairperson  of  the  board  of directors and the chief executive officer or officers are authorized by law to practice in  this state a profession which such corporation is authorized to practice, and are  either  shareholders of such corporation or engaged in the practice of their professions in such corporation.
NY Bus Corp L § 1509 (2021)
2021 New York Laws BSC - Business Corporation Article 15 - Professional Service Corporations 1509 - Disqualification of Shareholders, Directors, Officers and Employees.

§ 1509. Disqualification   of   shareholders,  directors,  officers  andemployees.If any shareholder, director, officer or employee  of  a  professional   service   corporation,   including   a   design   professional   service   corporation, who has been rendering professional service to  the  public   becomes  legally  disqualified  to  practice  his profession within this   state, he shall sever  all  employment  with,  and  financial  interests   (other  than  interests as a creditor) in, such corporation forthwith or   as otherwise provided in section 1510 of this article. All provisions of   law regulating the  rendering  of  professional  services  by  a  person   elected  or  appointed  to  a  public  office  shall  be applicable to a   shareholder, director, officer and employee of such corporation  in  the   same  manner  and  to the same extent as if fully set forth herein. Such   legal disqualification to practice  his  profession  within  this  state   shall  be  deemed to constitute an irrevocable offer by the disqualified   shareholder to sell his shares  to  the  corporation,  pursuant  to  the   provisions  of  section  1510  of  this article or of the certificate of   incorporation, by-laws  or  agreement  among  the  corporation  and  all   shareholders, whichever is applicable. Compliance with the terms of such   offer  shall  be specifically enforceable in the courts of this state. A   professional service corporation's failure to  enforce  compliance  with   this   provision  shall  constitute  a  ground  for  forfeiture  of  its   certificate of incorporation and its dissolution.
NY Bus Corp L § 1510 (2021)
2021 New York Laws BSC - Business Corporation Article 15 - Professional Service Corporations 1510 - Death or Disqualification of Shareholders.

§ 1510.  Death or disqualification of shareholders.  (a)   A   professional   service   corporation,   including  a  design professional service corporation, shall purchase or redeem the shares of a shareholder in case of his death or disqualification pursuant  to  the provisions  of section 1509 of this article, within six months after the appointment  of  the  executor   or   administrator   or   other   legal representative of the estate of such deceased shareholder, or within six months  after such disqualification, at the book value of such shares as of  the  end  of  the  month  immediately   preceding   the   death   or disqualification  of  the  shareholder  as determined from the books and records of the corporation in accordance  with  its  regular  method  of accounting.  The  certificate  of  incorporation,  the  by-laws  of  the corporation or an agreement among the corporation and  all  shareholders may modify this section by providing for a shorter period of purchase or redemption,  or  an alternate method of determining the price to be paid for the shares, or both. If the corporation shall fail  to  purchase  or redeem such shares within the required period, a successful plaintiff in an  action  to  recover  the purchase price of such shares shall also be awarded  reasonable  attorneys'  fees  and  costs.  Limitations  on  the purchase  or  redemption  of  shares  set  forth  in section 513 of this chapter shall not apply to the purchase or redemption of shares pursuant to this section. Nothing herein contained shall  prevent  a  corporation from  paying  pension  benefits  or other deferred compensation to or on behalf of a former or deceased officer, director or employee thereof  as otherwise  permitted by law. The provisions of this section shall not be deemed  to  require  the  purchase  of  the  shares  of  a  disqualified shareholder  where  the  period of disqualification is for less than six months, and the shareholder  again  becomes  eligible  to  practice  his profession within six months from the date of disqualification.  (b)  Notwithstanding  the provisions of paragraph (a) of this section, the corporation shall not be required to purchase or redeem  the  shares of  a  deceased  or  disqualified shareholder if such shares, within the time limit prescribed by paragraph (a) of  this  section,  are  sold  or transferred  to  another  professional  pursuant  to  the  provisions of section 1511 of this article.
NY Bus Corp L § 1512 (2021)
2021 New York Laws BSC - Business Corporation Article 15 - Professional Service Corporations 1512 - Corporate Name.

§ 1512. Corporate name.  (a) Notwithstanding  any  other  provision  of  law,  the  name  of  a professional  service  corporation,  including  a  design   professional service  corporation,  may  contain  any  word  which,  at  the  time of incorporation, could be used in the name of a partnership  practicing  a profession  which the corporation is authorized to practice, and may not contain any word  which  could  not  be  used  by  such  a  partnership. Provided,  however,  the  name of a professional service corporation may not contain the name of a deceased person unless  (1) such person's name was part of the corporate name at the  time  of such person's death; or  (2) such person's name was part of the name of an existing partnership and   at   least   two-thirds  of  such  partnership's  partners  become shareholders of the corporation.  (b)  The name of a professional service corporation shall end with the words "Professional Corporation" or the abbreviation "P.C." The name  of a  design  professional  service  corporation  shall  end with the words "design professional  corporation"  or  the  abbreviation  "D.P.C."  The provisions  of  subparagraph one of paragraph (a) of section 301 of this chapter shall not apply to a professional service corporation.
NY Bus Corp L § 1513 (2021)
2021 New York Laws BSC - Business Corporation Article 15 - Professional Service Corporations 1513 - Business Corporation Law Applicable.

§ 1513. Business corporation law applicable.This  chapter, except article 13 and article 15-A, shall be applicable   to a professional service corporation, including a  design  professional   service  corporation,  except  to the extent that the provisions thereof   conflict  with  this  article.  A  professional   service   corporation,   including  a design professional service corporation, may consolidate or   merge only with another corporation  organized  under  this  article  or   authorized  to  do  business  in  this  state under article 15-A of this   chapter or authorized and registered to practice the same profession, or   in the case of a design professional service  corporation  one  or  more   professions  as  provided  in  paragraph  (e)  of  section  1501 of this   article, pursuant to the applicable provisions  of  subdivision  six  of   section  seventy-two hundred nine of the education law, subdivision four   of  section  seventy-three  hundred  seven  of  the  education  law   or   subdivision  four  of  section seventy-three hundred twenty-seven of the   education law, or may be a member  of  a  professional  service  limited   liability  company,  a  foreign  professional  service limited liability   company, a registered limited liability partnership or  foreign  limited   liability  partnership,  and only if all of the professions practiced by   such corporations, limited  liability  companies  or  limited  liability   partnerships  could be practiced by a single corporation organized under   this article.
NY Bus Corp L § 1514 (2021)
2021 New York Laws BSC - Business Corporation Article 15 - Professional Service Corporations 1514 - Triennial Statement.

§ 1514. Triennial statement.  (a)  Each  professional service corporation shall, at least once every three years on or before the date prescribed by the licensing authority, furnish a statement to the licensing  authority  listing  the  name  and residence  address  of  each  shareholder,  director and officer of such corporation and certifying that all such individuals are  authorized  by law  in  this  state  to practice a profession which such corporation is authorized to practice. The statement shall be signed by  the  president or  any  vice-president  of  the  corporation  and  attested  to  by the secretary or any assistant secretary of the corporation.  (b) Each design professional service corporation shall, at least  once every  three  years  on  or  before the date prescribed by the licensing authority, furnish a statement to the licensing  authority  listing  the names  and residence addresses of each shareholder, director and officer of such corporation and certify as the date of certification and at  all times over the entire three year period that:  (i)  greater  than  seventy-five  percent of the outstanding shares of stock of the corporation are and were owned by design professionals,  (ii) greater than seventy-five percent of the directors are  and  were design professionals,  (iii)  greater  than seventy-five percent of the officers are and were design professionals,  (iv) the president, the chairperson of the board of directors and  the chief  executive  officer or officers are and were design professionals, and  (v) the  single  largest  shareholder  is  and  was  either  a  design professional  or  an  ESOP with greater than seventy-five percent of the plan's voting trustees  being  design  professionals  and  greater  than seventy-five  percent  of  the  plan's  committee  members  being design professionals.   The  statement  shall  be  signed  by  the  president  or  any  design professional  vice-president  and  attested  to  by the secretary or any assistant secretary of the corporation.
NY Bus Corp L § 1515 (2021)
2021 New York Laws BSC - Business Corporation Article 15 - Professional Service Corporations 1515 - Regulation of Professions.

§ 1515. Regulation of professions.This article shall not repeal, modify or restrict any provision of the   education  law  or the judiciary law regulating the professions referred   to therein except to the extent in conflict herewith.
NY Bus Corp L § 1525 (2021)
2021 New York Laws BSC - Business Corporation Article 15-A - Foreign Professional Service Corporations 1525 - Definitions.

§ 1525. 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 the appropriate appellate  division  of  the  supreme court in the case of the profession of law.  (b) "Profession"   includes   any   practice   as   an   attorney  and counsellor-at-law, or as a licensed  physician,  and  those  professions designated in title eight of the education law.  (c) "Professional  service"  means  any  type of service to the public which may be lawfully rendered by a member of a  profession  within  the purview of his profession.  (d) "Foreign  professional  service  corporation" means a professional service corporation, whether or not denominated as such, organized under the  laws  of  a  jurisdiction  other  than  this  state,  all  of   the shareholders,  directors  and  officers  of  which  are  authorized  and licensed to practice  the  profession  for  which  such  corporation  is licensed  to  do  business;  except that all shareholders, directors and officers of a foreign professional service  corporation  which  provides health services in this state shall be licensed in this state.  (e) "Officer" does not include the secretary or an assistant secretary of a corporation having only one shareholder.
NY Bus Corp L § 1526 (2021)
2021 New York Laws BSC - Business Corporation Article 15-A - Foreign Professional Service Corporations 1526 - Rendering of Professional Service.

§ 1526. Rendering of professional service.  (a)   No   foreign   professional   service   corporation  may  render professional  services  in  this  state   except   through   individuals authorized by law to render such professional services as individuals in this state.  (b)  Each  final  plan, drawing and report made or issued by a foreign professional service corporation  practicing  professional  engineering, architecture,  landscape  architecture,  geology or land surveying shall bear  the  name  and  seal  of  one  or  more  professional   engineers, architects,   landscape  architects,  professional  geologists  or  land surveyors, respectively, who are in responsible charge of such  plan  or report.  (c) Each report, diagnosis, prognosis, and prescription made or issued by  a  foreign  professional  service  corporation  practicing medicine, dentistry,  podiatry,  optometry,  ophthalmic   dispensing,   veterinary medicine,  pharmacy,  nursing,  physiotherapy or chiropractic shall bear the  signature  of  one  or  more  physicians,  dentists,   podiatrists, optometrists, ophthalmic dispensers, veterinarians, pharmacists, nurses, physiotherapists, or chiropractors, respectively, who are in responsible charge of such report, diagnosis, prognosis, or prescription.  (d)  Each  record, transcript, report and hearing report prepared by a foreign professional service corporation practicing certified  shorthand reporting  shall  bear  the signature of one or more certified shorthand reporters who are in responsible  charge  of  such  record,  transcript, report, or hearing report.  (e)  Each  report  and  statement  prepared  by a foreign professional service corporation practicing public  accounting  or  certified  public accounting shall bear the signature of one or more public accountants or certified  public  accountants,  respectively,  who  are  in responsible charge of such report or statement.  (f)  Each  opinion  prepared  by  a   foreign   professional   service corporation  practicing  law  shall  bear  the  signature of one or more attorneys and counsellors-at-law who are in responsible charge  of  such opinion.  (g)  In  addition  to  the  requirements in paragraphs (b) through (f) inclusive herein, each  document  prepared  by  a  foreign  professional service  corporation which under the rules, regulations, laws or customs of the applicable profession is required to bear  the  signature  of  an individual  in  responsible  charge of such document, shall be signed by one or more such individuals licensed to practice in this state.
NY Bus Corp L § 1527 (2021)
2021 New York Laws BSC - Business Corporation Article 15-A - Foreign Professional Service Corporations 1527 - Professional Relationships and Liabilities.

§ 1527. Professional relationships and liabilities.  (a) Each  shareholder,  employee  or  agent  of a foreign professional service corporation who performs professional services in this state  on behalf  of  the  corporation  shall  be  personally and fully liable and accountable for any negligent or wrongful act or misconduct committed by him or by any person under his  direct  supervision  and  control  while rendering  such  professional  services,  and  shall  bear  professional responsibility for compliance by such corporation with all  laws,  rules and regulations governing the practice of the profession in this state.  (b) The  relationship  of  an  individual  to  a  foreign professional service corporation with which such individual is associated, whether as shareholder, director, officer, employee or agent, shall not  modify  or diminish the jurisdiction over him of the licensing authority and in the case  of  an  attorney  and  counsellor-at-law, the other courts of this state.
NY Bus Corp L § 1528 (2021)
2021 New York Laws BSC - Business Corporation Article 15-A - Foreign Professional Service Corporations 1528 - Foreign Professional Service Corporation.

§ 1528. Foreign professional service corporation.No  foreign  professional  service  corporation  shall  engage  in any   business in this state other than  the  rendering  of  the  professional   services  for  which it is incorporated and is authorized to do business   in this state; provided that such corporation may invest  its  funds  in   real estate, mortgages, stocks, bonds or any other type of investments.
NY Bus Corp L § 1529 (2021)
2021 New York Laws BSC - Business Corporation Article 15-A - Foreign Professional Service Corporations 1529 - Business Corporation Law Applicable.

§ 1529. Business corporation law applicable.Except for the provisions of sections thirteen hundred three, thirteen   hundred  four,  thirteen hundred sixteen, thirteen hundred seventeen and   thirteen hundred twenty, this chapter shall be applicable to  a  foreign   professional  service  corporation  to  the  extent  that the provisions   thereof are not in conflict with  the  provisions  of  this  article.  A   foreign  professional service corporation may practice in this state, or   may consolidate or merge with another corporation, or may be a member of   a professional service limited liability company, a foreign professional   service  limited  liability  company,  a  registered  limited  liability   partnership or foreign limited liability partnership, only if all of the   professions  practiced by such corporations, limited liability companies   or limited  liability  partnerships  could  be  practiced  by  a  single   professional  service corporation organized in this state; and, further,   only if such foreign professional service corporation is domiciled in  a   state  or  territory of the United States the laws of which, at the time   of application by such corporation under section fifteen hundred  thirty   of this article, contain a reciprocal provision under which professional   service corporations domiciled in this state may similarly apply for the   privilege  of  doing  business  in any such state or territory; provided   further  however,  that  nothing  herein  shall  authorize   a   foreign   professional  service  corporation  practicing professional engineering,   land surveying, geology, architecture and/or landscape  architecture  to   be  a  member  or  partner  of  a professional service limited liability   company, a foreign professional service  limited  liability  company,  a   registered  limited liability partnership or a foreign limited liability   partnership unless all of the shareholders, directors  and  officers  of   such  foreign  professional service corporation are licensed to practice   one or more of such professions in this state.
NY Bus Corp L § 1531 (2021)
2021 New York Laws BSC - Business Corporation Article 15-A - Foreign Professional Service Corporations 1531 - Annual Statement.

§ 1531. Annual statement.Each  foreign professional service corporation shall, at least once of   each year on or before the date prescribed by the  licensing  authority,   furnish  a  statement  to  the  licensing authority listing the name and   residence address of each shareholder, director, officer  and  corporate   employee  licensed  by such licensing authority and certifying that such   individuals intending  to  practice  a  profession  which  such  foreign   professional service corporation is authorized to practice in this state   are licensed to practice said profession in this state. In the case of a   foreign professional service corporation providing health services, such   statement shall also certify that each shareholder, officer and director   of  the  corporation  is  licensed  to  practice said profession in this   state.  The  statement  shall  be  signed  by  the  president   or   any   vice-president  of  the  corporation and attested to by the secretary or   any assistant secretary of the corporation.