N.Y. Business Corporation Law § 1508: Directors and officers

§ 1508. Directors and officers.

(a) No individual may be a director or officer of a professional

service corporation unless he is authorized by law to practice in this

state a profession which such corporation is authorized to practice and

is either a shareholder of such corporation or engaged in the practice

of his profession in such corporation.

(b) The directors and officers of a design professional service

corporation may include individuals who are not design professionals,

provided however that greater than seventy-five percent of the

directors, greater than seventy-five percent of the officers and the

president, the chairperson of the board of directors and the chief

executive officer or officers are authorized by law to practice in this

state a profession which such corporation is authorized to practice, and

are either shareholders of such corporation or engaged in the practice

of their professions in such corporation.

(c) The directors and officers of any firm established for the

business purpose of incorporating as a professional service corporation

pursuant to paragraph (h) of section fifteen hundred three of this

article may include individuals who are not licensed to practice public

accountancy in any state, provided however that at least a simple

majority of the directors, at least a simple majority of the officers

and the president, the chairperson of the board of directors and the

chief executive officer or officers are authorized by law to practice in

any state the profession which such corporation is authorized to

practice, and are either shareholders of such corporation or engaged in

the practice of their professions in such corporation.