§ 5-101. Definitions

   (a) In general. -- In this subtitle the following words have the meanings indicated.

(b) Disqualified person. -- "Disqualified person" means an individual or entity that for any reason is or becomes ineligible under this subtitle to be issued stock by a professional corporation.

(c) Foreign professional corporation. -- "Foreign professional corporation" means a professional corporation organized under the laws of another state or a territory, possession, or district of the United States.

(d) License. -- "License" means any license, certification, certificate, registration, or other legal authorization required by statute as a condition precedent to the performance of a professional service in the State.

(e) Licensing unit. -- "Licensing unit" means the board, agency, court, or other entity that licenses or otherwise legally authorizes the rendition of a professional service.

(f) Professional corporation. -- "Professional corporation" means a corporation organized under this subtitle for the purpose of rendering professional services.

(g) Professional service. --

   (1) "Professional service" means a service that may lawfully be rendered only by a person licensed or otherwise authorized by a licensing unit in the State to render the service and that may not lawfully be rendered by a corporation under the Maryland General Corporation Law.

   (2) "Professional service" includes, but is not limited to, a service provided by:

      (i) An architect;

      (ii) An attorney;

      (iii) A certified public accountant;

      (iv) A chiropractor;

      (v) A dentist;

      (vi) An osteopath;

      (vii) A podiatrist;

      (viii) A physician;

      (ix) A professional engineer;

      (x) A licensed real estate broker, licensed real estate salesperson, and licensed associate real estate broker;

      (xi) A veterinarian;

      (xii) A psychologist; and

      (xiii) A physical therapist.

(h) Qualified person. -- "Qualified person" means an individual, professional corporation, or general partnership that is eligible under this Act to be issued stock by a professional corporation.

HISTORY: 1993, ch. 413, § 2; 2007, chs. 31, 32.