New York Statutes
§ 1505 — Professional relationships and liabilities
New York § 1505
This text of New York § 1505 (Professional relationships and liabilities) is published on Counsel Stack Legal Research, covering New York primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
N.Y. Business Corporation § 1505 (2026).
Text
§ 1505. Professional relationships and liabilities.\n (a) (i) Each shareholder, employee or agent of a professional service\ncorporation and a design professional service corporation shall be\npersonally and fully liable and accountable for any negligent or\nwrongful act or misconduct committed by him or by any person under his\ndirect supervision and control while rendering professional services on\nbehalf of such corporation.\n (ii) An employee stock ownership plan owning greater than twenty-five\npercent of the outstanding shares of a design professional service\ncorporation organized under paragraph (b-1) of section fifteen hundred\nthree of this article shall be under the supervision of the regents of\nthe university of the state of New York, shall register with the state\neducation
Free access — add to your briefcase to read the full text and ask questions with AI
Related
Kavanaugh v. Nussbaum
523 N.E.2d 284 (New York Court of Appeals, 1988)
Friedman v. Arizona World Nurseries Ltd. Partnership
730 F. Supp. 521 (S.D. New York, 1990)
Yaniv v. Taub
256 A.D.2d 273 (Appellate Division of the Supreme Court of New York, 1998)
Sawh v. Schoen
215 A.D.2d 291 (Appellate Division of the Supreme Court of New York, 1995)
Dacosta v. City of N.Y.
296 F. Supp. 3d 569 (E.D. New York, 2017)
New York & Presbyterian Hospital v. Tishman Construction Co.
180 Misc. 2d 193 (New York Supreme Court, 1999)
Sucese v. Kirsch
199 A.D.2d 718 (Appellate Division of the Supreme Court of New York, 1993)
Somer & Wand v. Rotondi
219 A.D.2d 340 (Appellate Division of the Supreme Court of New York, 1996)
Krouner v. Koplovitz
175 A.D.2d 531 (Appellate Division of the Supreme Court of New York, 1991)
Petruzzi v. Purow
2020 NY Slip Op 1372 (Appellate Division of the Supreme Court of New York, 2020)
Moller v. Taliuaga
255 A.D.2d 563 (Appellate Division of the Supreme Court of New York, 1998)
Pile Foundation Construction Co. v. Berger
253 A.D.2d 484 (Appellate Division of the Supreme Court of New York, 1998)
Somer & Wand, P. C. v. Rotondi
251 A.D.2d 567 (Appellate Division of the Supreme Court of New York, 1998)
Ecker v. Zwaik & Bernstein, P. C.
240 A.D.2d 360 (Appellate Division of the Supreme Court of New York, 1997)
Joseph v. David M. Schwarz/Architectural Services, P.C.
957 F. Supp. 1334 (S.D. New York, 1997)
Hymowitz v. Hoang Q. Nguyen
177 N.Y.S.3d 143 (Appellate Division of the Supreme Court of New York, 2022)
Furman v. Desimone
2020 NY Slip Op 1430 (Appellate Division of the Supreme Court of New York, 2020)
Beltrone v. General Schuyler & Co.
223 A.D.2d 938 (Appellate Division of the Supreme Court of New York, 1996)
Hylton v. Flushing Hospital and Medical Center
218 A.D.2d 604 (Appellate Division of the Supreme Court of New York, 1995)
Monte Carlo, L.L.C. v. Yorro
195 Misc. 2d 762 (New York District Court, 2003)
Nearby Sections
15
§ 1501
Definitions§ 1503
Organization§ 1507
Issuance of shares§ 1508
Directors and officers§ 1511
Transfer of shares§ 1512
Corporate name§ 1514
Triennial statementCite This Page — Counsel Stack
Bluebook (online)
New York § 1505, Counsel Stack Legal Research, https://law.counselstack.com/statute/ny/BSC/1505.