§ 7-5.1-1 Application of general corporation law
§ 7-5.1-2 Definitions
§ 7-5.1-3 Authority to practice
§ 7-5.1-4 Investments
§ 7-5.1-5 Eligibility of personnel – Transfer of stock
§ 7-5.1-6 Qualifications of employees
§ 7-5.1-7 Names
§ 7-5.1-8 Insurance required
§ 7-5.1-9 Privileged communications
§ 7-5.1-10 Powers of regulatory agency
§ 7-5.1-11 Severability
§ 7-5.1-12 Short title

Terms Used In Rhode Island General Laws > Chapter 7-5.1 - Professional Service Corporations

  • administering estates of shareholders: shall include , but not be limited to, contracting with licensed professionals to operate the practice upon the death of the person licensed to practice. See Rhode Island General Laws 7-5.1-5
  • Authorized to practice: means duly licensed, certified, or registered by the proper regulatory agency. See Rhode Island General Laws 7-5.1-2
  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • in writing: include printing, engraving, lithographing, and photo-lithographing, and all other representations of words in letters of the usual form. See Rhode Island General Laws 43-3-16
  • ineligible shareholder: includes a shareholder electing to retire or withdraw from active employment in the corporation. See Rhode Island General Laws 7-5.1-5
  • Personal property: All property that is not real property.
  • Professional services: means the rendering of personal services by a person authorized to practice as one of the following professions as defined:

    (i)  Physicians;

    (ii)  Dentists;

    (iii)  Attorneys at law;

    (iv)  [Deleted by P. See Rhode Island General Laws 7-5.1-2

  • real estate: may be construed to include lands, tenements, and hereditaments and rights thereto and interests therein. See Rhode Island General Laws 43-3-10
  • Regulatory agency: means :

    (i)  The professional licensing board contained within the department of health, as set forth in title 5 when referring to physicians, dentists, chiropractors, podiatrists, registered nurses, optometrists, physical therapists, opticians, physician assistants, or midwives or nurse-midwives;

    (ii)  The Supreme Court when referring to attorneys at law;

    (iii)  The boards of registration of professional engineers and land surveyors when referring to professional engineers or land surveyors;

    (iv)  The board of examination and registration of architects when referring to architects;

    (v)  The board of accountancy when referring to certified public accountants and licensed public accountants;

    (vi)  The board of veterinarians when referring to veterinarians;

    (vii)  The board of examiners of landscape architects when referring to landscape architects;

    (viii)  The board of psychology when referring to psychologists. See Rhode Island General Laws 7-5.1-2