N.D. Cent. Code § 10-31-01: Definitions

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

1."Create" means to form an organization by:

a.Incorporating a professional corporation;

b.Organizing a professional limited liability company; or

c.Registering a professional limited liability partnership.

2."Executive" means an officer or a director of a professional corporation, a manager or a governor of a professional limited liability company, or a partner of a professional limited liability partnership.

3."Foreign limited liability partnership" has the meaning set forth in section 45-22-01.

4."Foreign professional organization" means a professional organization that is created under laws other than the laws of this state for purposes for which a professional organization may be created under this chapter.

5."Minority owner" means an owner of a professional organization:

a.Who is not licensed or otherwise legally authorized within this state to render the same professional service as the organization;

b.Who provides a service to the organization which is ancillary to the organization's professional service;

c.Who does not provide that owner's service to the public through the organization; and

d.Who is expressly authorized under subsection 3 of section 10-31-04.

6."Owner" means a shareholder of a professional corporation, a member of a professional limited liability company, or a partner of a limited liability partnership.

7."Professional corporation" or "corporation" means a corporation that is incorporated under this chapter for the purpose of rendering professional service and which has as its shareholders only:

a.Individuals who themselves are licensed or otherwise legally authorized within this state to render the same professional service as the corporation;

b.Nonlicensed employees as provided in section 10-31-07.1; and

c.Minority owners.

8."Professional limited liability company" or "limited liability company" means a limited liability company that is organized under this chapter for the purpose of rendering professional service and which has as its members only:

a.Individuals who themselves are licensed or otherwise legally authorized within this state to render the same professional service as the limited liability company;

b.Nonlicensed employees as provided in section 10-31-07.2; and

c.Minority owners.

9."Professional limited liability partnership" or "limited liability partnership" means a limited liability partnership that is registered under this chapter for the purpose of rendering professional service, is not a foreign limited liability partnership, and has as its partners only:

a.Individuals who are licensed or otherwise legally authorized within this state to render the same professional service as the limited liability partnership;

b.Nonlicensed employees as provided in section 10-31-07.1; and

c.Minority owners.

10."Professional organization" or "organization" means:

a.A professional corporation that is incorporated under this chapter;

b.A professional limited liability company that is organized under this chapter; or

c.A professional limited liability partnership that is registered under this chapter.

11."Professional service" means the personal service to the public which requires a license as a condition precedent to the rendering of such service and which requires as a condition of licensure an undergraduate or advanced college degree in the specific field.