48-248-102 - Chapter definitions. - Tennessee Statutes

48-248-102. Chapter definitions.

As used in this chapter, unless the context otherwise requires:

     (1)  “Disqualified person” means an individual or entity that for any reason is or becomes ineligible under this chapter to be a member of a PLLC;

     (2)  “Domestic professional LLC” means a professional LLC formed under chapters 201-248 of this title;

     (3)  “Foreign professional LLC” means a foreign LLC formed for the purpose of rendering professional services under a law other than the law of this state;

     (4)  “Law” includes rules promulgated in accordance with § 48-248-603;

     (5)  “Licensing authority” means the officer, board, agency, court or other authority in this state empowered to license or otherwise authorize the rendition of a professional service;

     (6)  “Professional LLC or PLLC” means an LLC, other than a foreign professional LLC, which has elected to become subject to the provisions of this chapter;

     (7)  “Professional service” means a service that may be lawfully rendered only by a person licensed or otherwise authorized by a licensing authority in this state to render the service and that may not be lawfully rendered by a corporation under the Tennessee Business Corporation Act, compiled in chapters 11-27 of this title or by an LLC under chapters 201-248 of this title; and

     (8)  “Qualified person” means an individual, general partnership, professional corporation, professional association or PLLC that is eligible under § 48-248-401 to be a member of a PLLC.

[Acts 1994, ch. 868, § 1; 1995, ch. 403, § 89.]