Section 5-101 - Definitions. - Maryland Statutes

§ 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. 
 

[1993, ch. 413, § 2; 2007, chs. 31, 32.]