356.021. Definitions.

MISSOURI STATUTES AND CODES

Definitions.

356.021. As used in sections 356.011 to 356.261 unless thecontext otherwise requires, the following terms shall mean:

(1) "Disqualified person", any natural person, corporation,partnership, limited liability company, fiduciary, trust,association, governmental agency or other entity that for anyreason is or becomes ineligible under sections 356.011 to 356.261to own shares issued by a professional corporation;

(2) "Foreign professional corporation", a corporationorganized for the purpose of rendering professional servicesunder a law other than the law of this state;

(3) "Licensing authority", the officer, board, agency,court or other authority in this state that has the power underapplicable law to issue a license or other legal authorization torender a professional service;

(4) "Professional corporation", a corporation for profitsubject to the provisions of sections 356.011 to 356.261, excepta foreign professional corporation;

(5) "Professional service" and "professional services":

(a) Any service that lawfully may be rendered only bypersons licensed under the provisions of a licensing law of thisstate and that also may not lawfully be rendered by a corporationorganized under the general and business corporation law ofMissouri, chapter 351, RSMo; and

(b) Practiced by the following professionals, eachsubparagraph constituting one type:

a. An accountant;

b. An architect or engineer;

c. An attorney at law;

d. A chiropodist-podiatrist;

e. A chiropractor;

f. A dentist;

g. An optometrist;

h. A physician, surgeon, doctor of medicine or doctor ofosteopathy;

i. A psychologist;

j. A veterinarian;

k. A registered nurse;

l. Any natural person licensed as a real estatesalesperson;

m. A physical therapist;

(6) "Qualified person", a natural person, generalpartnership, limited liability company, professional corporation,or foreign corporation that is eligible under sections 356.011 to356.261 to own shares issued by a professional corporation nototherwise restricted, the probate estate of a qualified person ora grantor of a declaration in trust who is a natural personeligible to own shares issued by a professional corporation; and,all trustees of the trust that are eligible to own shares issuedby a professional corporation; except that all qualified personsdefined in this subdivision that are eligible to own sharesissued by a professional corporation shall offer, unlessotherwise provided in writing, the professional corporation anoption to redeem such shares. The probate estate, the trustee,or a successor trustee of a qualified person who is not otherwiseauthorized to own shares issued by a professional corporationshall be deemed a qualified person where the stock or assets ofsuch professional corporation are owned by the qualified person.