§ 79-10-5. Definitions

MS Code § 79-10-5 (2019) (N/A)

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(a) “Disqualified person” means an individual, general partnership, professional corporation or other entity that for any reason is or becomes ineligible under this chapter to be issued shares by a professional corporation.

(b) “Domestic professional corporation” means a professional corporation.

(c) “Foreign professional corporation” means a corporation or association for profit incorporated for the purpose of rendering professional services under a law other than the law of this state.

(d) “Law” includes rules promulgated in accordance with Section 79-10-103.

(e) “Licensing authority” means the office, board, agency, court or other authority in this state empowered to license or otherwise authorize the rendition of a professional service.

(f) “Professional corporation” means a corporation for profit, other than a foreign professional corporation, subject to the provisions of this chapter.

(g) “Professional service” means a service that may be lawfully rendered only by a person licensed or otherwise authorized by a licensing authority in this state to render the service, including, without limitation, certified public accountants, dentists, architects, veterinarians, osteopaths, physicians, surgeons and attorneys-at-law.

(h) “Qualified person” means an individual, general partnership, professional corporation or other entity that is eligible under this chapter to be issued shares by a professional corporation.

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§ 79-10-4. Uniform Partnership Act inapplicable to professional corporations

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