274.005 Definitions for chapter.

216 words·~1 min read·/ky/chapter-274/274-005

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

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.