New York Laws
Article 15 - Professional Service Corporations
1505 - Professional Relationships and Liabilities.

(ii) An employee stock ownership plan owning greater than twenty-five
percent of the outstanding shares of a design professional service
corporation organized under paragraph (b-1) of section fifteen hundred
three of this article shall be under the supervision of the regents of
the university of the state of New York, shall register with the state
education department and shall be issued a certificate granting such
employee stock ownership plan the authority to hold shares of such
corporation. Such certificate shall be subject to professional
misconduct provisions as set forth in article one hundred thirty of the
education law. In addition, the failure to maintain an active
registration with the state education department shall also subject such
certificate to discipline as provided above. The secretary of state
shall be the designated agent for service of process in any disciplinary
matter involving a registered employee stock ownership plan.
(iii) Any such employee stock ownership plan shall not influence, or
attempt to influence, any decisions that fall within a design
professional's scope of practice.
* NB Effective July 21, 2024
(b) The relationship of an individual to a professional service
corporation or a design professional service corporation with which such
individual is associated, whether as shareholder, director, officer,
employee or agent, shall not modify or diminish the jurisdiction over
him of the licensing authority and in the case of an attorney and
counsellor-at-law, the other courts of this state.