N.Y. Comp. Codes R. & Regs. tit. 8 § 59.10

Current through Register Vol. 46, No. 25, June 18, 2024

Section 59.10 - Professional service corporations

(a) Applications to the State Education Department for the issuance of a certificate pursuant to Business Corporation Law, section 1503(b)(ii), shall be made by submitting to the department a fully executed certificate of incorporation which complies with the provisions of such section and of section 1512 of such law, and which sets forth or has annexed to it an affidavit of one of the original officers, directors or shareholders of the corporation setting forth the name of each individual who is to be one of the original shareholders, directors or officers of the corporation.

(b) If the name of a proposed professional service corporation contains the name of a deceased person, the certificate of incorporation, when submitted to the department for the issuance of a certificate pursuant to Business Corporation Law, section 1503(b)(ii) shall be accompanied by an affidavit of one of the subscribers to the certificate of incorporation establishing compliance with the provisions of Business Corporation Law, section 1512(a)(2).

(c) A certificate pursuant to Business Corporation Law, section 1503(b)(ii) may be issued when:

(1) the proposed name of the corporation appropriately describes the profession practiced and the services to be provided; and

(2) if the proposed name of the corporation includes a reference to a specialized area of professional practice, satisfactory evidence is submitted of compliance with any provision of Part 29 of this Title, rules of the Board of Regents restricting or regulating the use of specialty titles or announcements of limitations of practice in the particular profession.

N.Y. Comp. Codes R. & Regs. Tit. 8 § 59.10