N.Y. BSC. LAW § 1503 : NY Code - Section 1503: Organization

Search N.Y. BSC. LAW § 1503 : NY Code - Section 1503: Organization

(a)   Notwithstanding   any  other  provision  of  law,  one  or  more
  individuals duly authorized by  law  to  render  the  same  professional
  service  within  the  state  may  organize,  or cause to be organized, a
  professional service corporation for pecuniary profit under this article
  for the purpose of rendering the same professional service, except  that
  one  or more individuals duly authorized by law to practice professional
  engineering, architecture,  landscape  architecture  or  land  surveying
  within  the state may organize, or cause to be organized, a professional
  service corporation for pecuniary profit  under  this  article  for  the
  purpose  of rendering such professional services as such individuals are
  authorized to practice.
    (b)  The  certificate  of  incorporation  of  a  professional  service
  corporation  shall  meet  the requirements of this chapter and (i) shall
  state the profession or professions to be practiced by such  corporation
  and  the  names and residence addresses of all individuals who are to be
  the original shareholders, directors and officers of  such  corporation,
  and  (ii)  shall  have  attached  thereto  a certificate or certificates
  issued by the licensing authority certifying that each of  the  proposed
  shareholders,  directors and officers is authorized by law to practice a
  profession which the corporation is being organized to practice and,  if
  applicable,  that  one  or  more  of  such  individuals is authorized to
  practice each profession which the corporation  will  be  authorized  to
  practice.
    (c)  A  certified copy of the certificate of incorporation and of each
  amendment thereto shall be filed by the corporation with  the  licensing
  authority  within  thirty  days  after the filing of such certificate or
  amendment with the department of state.
    (d) A professional  service  corporation,  other  than  a  corporation
  authorized  to  practice  law,  shall  be  under  the supervision of the
  regents of the university of the state of New York  and  be  subject  to
  disciplinary   proceedings   and   penalties,  and  its  certificate  of
  incorporation shall be subject to suspension,  revocation  or  annulment
  for cause, in the same manner and to the same extent as is provided with
  respect   to   individuals   and   their   licenses,  certificates,  and
  registrations in title eight  of  the  education  law  relating  to  the
  applicable   profession.   Notwithstanding   the   provisions   of  this
  subdivision, a professional service corporation authorized  to  practice
  medicine  shall  be  subject  to  the  prehearing procedures and hearing
  procedures as is provided with  respect  to  individual  physicians  and
  their licenses in Title II-A of article two of the public health law.
    (e)  A  corporation authorized to practice law shall be subject to the
  regulation and control of, and its certificate of incorporation shall be
  subject to  suspension,  revocation  or  annulment  for  cause  by,  the
  appellate  division of the supreme court and the court of appeals in the
  same manner and to the same extent provided in the  judiciary  law  with
  respect  to individual attorneys and counselors-at-law. Such corporation
  need not qualify  for  any  certification  under  section  four  hundred
  sixty-four  of  the  judiciary law, take an oath of office under section
  four hundred sixty-six of  such  law  or  register  under  section  four
  hundred sixty-seven of such law.
    (f)   The   order  of  suspension,  revocation  or  annulment  of  the
  certificate of  incorporation  of  a  professional  service  corporation
  pursuant  to subdivisions (e) and (f) of this section shall be effective
  upon the filing of such order with the department of state.
    (g) The practices  of  creative  arts  therapy,  marriage  and  family
  therapy,  mental  health  counseling,  and  psychoanalysis  shall not be
  deemed the same professional service for the purpose of paragraph (a) of

  this section, notwithstanding that such practices are all licensed under
  article one hundred sixty-three of the education law.