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2019 New York Laws
BSC - Business Corporation
Article 15 - Professional Service Corporations
1514 - Triennial Statement.

Universal Citation: NY Bus Corp L § 1514 (2019)
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§ 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.
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