§ 10-31-01 — Definitions

North Dakota § 10-31-01

• Jurisdiction: North Dakota
• Title 10: Corporations
• Ch. 10-31: Professional Organizations Act

Text

As used in this chapter, unless the context otherwise requires:
1. "Create" means to form an organization by:
a. Incorporating a professional corporation;
b. Organizing a professional limited liability company; or
c. Registering a professional limited liability partnership.
2. "Executive" means an officer or a director of a professional corporation, a manager or
a governor of a professional limited liability company, or a partner of a professional
limited liability partnership.
3. "Foreign limited liability partnership" has the meaning set forth in section 45-22-01.
4. "Foreign professional organization" means a professional organization that is created
under laws other than the laws of this state for purposes for which a professional
organization may be created under this chapter.
5. "Minority owner" means an owner of a professional organization:
a. Who is not licensed or otherwise legally authorized within this state to render the
same professional service as the organization;
b. Who provides a service to the organization which is ancillary to the organization's
professional service;
c. Who does not provide that owner's service to the public through the organization;
and
d. Who is expressly authorized under subsection 3 of section 10-31-04.
6. "Owner" means a shareholder of a professional corporation, a member of a
professional limited liability company, or a partner of a limited liability partnership.
7. "Professional corporation" or "corporation" means a corporation that is incorporated
under this chapter for the purpose of rendering professional service and which has as
its shareholders only:
a. Individuals who themselves are licensed or otherwise legally authorized within
this state to render the same professional service as the corporation;
b. Nonlicensed employees as provided in section 10-31-07.1; and
c. Minority owners.
8. "Professional limited liability company" or "limited liability company" means a limited
liability company that is organized under this chapter for the purpose of rendering
professional service and which has as its members only:
a. Individuals who themselves are licensed or otherwise legally authorized within
this state to render the same professional service as the limited liability company;
b. Nonlicensed employees as provided in section 10-31-07.2; and
c. Minority owners.
9. "Professional limited liability partnership" or "limited liability partnership" means a
limited liability partnership that is registered under this chapter for the purpose of
rendering professional service, is not a foreign limited liability partnership, and has as
its partners only:
a. Individuals who are licensed or otherwise legally authorized within this state to
render the same professional service as the limited liability partnership;
b. Nonlicensed employees as provided in section 10-31-07.1; and
c. Minority owners.
10. "Professional organization" or "organization" means:
a. A professional corporation that is incorporated under this chapter;
b. A professional limited liability company that is organized under this chapter; or
c. A professional limited liability partnership that is registered under this chapter.
11. "Professional service" means the personal service to the public which requires a
license as a condition precedent to the rendering of such service and which requires
as a condition of licensure an undergraduate or advanced college degree in the
specific field.