Download as PDF
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History: Repealed and reenacted 2010 Ky.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."
Disclaimer: These codes may not be the most recent version. Kentucky may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
