(a) No individual may be a director or officer of a professional
service corporation unless he is authorized by law to practice in this
state a profession which such corporation is authorized to practice and
is either a shareholder of such corporation or engaged in the practice
of his profession in such corporation.
(b) The directors and officers of a design professional service
corporation may include individuals who are not design professionals,
provided however that greater than seventy-five percent of the
directors, greater than seventy-five percent of the officers and the
president, the chairperson of the board of directors and the chief
executive officer or officers are authorized by law to practice in this
state a profession which such corporation is authorized to practice, and
are either shareholders of such corporation or engaged in the practice
of their professions in such corporation.
Structure New York Laws
Article 15 - Professional Service Corporations
1502 - Corporations Organized Under Other Provisions of Law.
1504 - Rendering of Professional Service.
1505 - Professional Relationships and Liabilities.
1506 - Purposes of Incorporation.
1508 - Directors and Officers.
1509 - Disqualification of Shareholders, Directors, Officers and Employees.
1510 - Death or Disqualification of Shareholders.
1513 - Business Corporation Law Applicable.
1515 - Regulation of Professions.
1516 - Corporate Mergers, Consolidations and Other Reorganizations.