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274.005 Definitions for chapter.
As used in this chapter, unless the context indicates otherwise:
(1) "Foreign professional service corporation" means a corporation for profit
organized for the purpose of rendering professional services under a law other
than the law of this state;
(2) "Professional service" means any type of personal service to the public which
requires as a condition precedent to the rendering of such service the obtaining
of a license or other legal authorization and which, prior to the passage of this
chapter and by reason of law or a professional code of ethics, could not be
performed by a corporation. The personal services which come within the
provisions of this chapter are the personal services rendered by but not limited
to certified public accountants, public accountants, chiropractors, osteopaths,
physicians and surgeons, doctors of medicine, doctors of dentistry, podiatrists,
chiropodists, architects, veterinarians, optometrists, and attorneys-at-law;
(3) "Professional service corporation" means a corporation organized under this
chapter;
(4) "Qualified person" means a natural person, partnership, limited liability
company, or professional service corporation which is eligible under this
chapter to own shares issued by a professional service corporation; and
(5) "Regulating board" means the governmental agency which is charged by law
with the licensing and regulation of the practice of the profession which the
professional service corporation is organized to render.
Effective:July 15, 2010
History: Repealed and reenacted 2010 Ky. Acts ch. 51, sec. 86, effective July 15,
2010. -- Amended 2007 Ky. Acts ch. 137, sec. 86, effective June 26, 2007. -Amended 2006 Ky. Acts ch. 149, sec. 230, effective July 12, 2006. -- Amended
1998 Ky. Acts ch. 341, sec. 19, effective July 15, 1998. -- Amended 1980 Ky.
Acts ch. 288, sec. 9, effective July 15, 1980. -- Created 1962 Ky. Acts ch. 236,
sec. 1.
Legislative Research Commission Note (7/15/2010). 2010 Ky. Acts ch. 51,
sec. 183, provides, "The specific textual provisions of Sections 1 to 178 of this
Act which reflect amendments made to those sections by 2007 Ky. Acts ch. 137
shall be deemed effective as of June 26, 2007, and those provisions are hereby
made expressly retroactive to that date, with the remainder of the text of those
sections being unaffected by the provisions of this section."
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