Vt. Stat. Ann. tit. 11, § 817
Definitions
Redline — July 1, 2021 → current.View current text →
Current — June 1, 2022
As of July 1, 2021
In this chapter:
In this chapter:
(1) "Disqualified person" means an individual or entity that for any reason is or becomes ineligible under this chapter to be issued shares by a professional corporation.
(1) “Disqualified person” means an individual or entity that for any reason is or becomes ineligible under this chapter to be issued shares by a professional corporation.
(2) "Domestic professional corporation" means a professional corporation incorporated under the laws of this State.
(2) “Domestic professional corporation” means a professional corporation incorporated under the laws of this State.
(3) "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.
(3) “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.
(4) "Licensing authority" means the officer, board, agency, court, or other authority in this State empowered to license or otherwise authorize the rendition of a professional service.
(4) “Licensing authority” means the officer, board, agency, court, or other authority in this State empowered to license or otherwise authorize the rendition of a professional service.
(5) "Professional corporation" means a corporation for profit, other than a foreign professional corporation, subject to the provisions of this chapter.
(5) “Professional corporation” means a corporation for profit, other than a foreign professional corporation, subject to the provisions of this chapter.
(6) "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, and may not be lawfully rendered by a corporation under Title 11A.
(6) “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, and may not be lawfully rendered by a corporation under Title 11A.
(7) “Qualified person” means an individual or general partnership that is eligible under this chapter to be issued shares by a professional corporation. Added 2001, No. 77 (Adj. Sess.), § 1.
(7) “Qualified person” means an individual or general partnership that is eligible under this chapter to be issued shares by a professional corporation.
Official source: Vermont General Assembly. Reproduced from public-domain Vermont statutes; confirm against the official source for the current text. Not legal advice.