N.Y. Limited Liability Company Law § 1209: Disqualification of members, managers and employees

§ 1209. Disqualification of members, managers and employees. If any

member, manager or employee of a professional service limited liability

company who has been rendering professional service to the public

becomes legally disqualified to practice his, her or its profession

within this state, he, she or it shall sever all employment with and

financial interests (other than interests as a creditor or vested rights

under a bona fide retirement program) in such limited liability company

forthwith or as otherwise provided in section twelve hundred ten of this

article. All provisions of law regulating the rendering of professional

services by a person elected or appointed to a public office shall be

applicable to a member, manager or employee of such limited liability

company in the same manner and to the same extent as if fully set forth

herein. Such legal disqualification to practice such profession within

this state shall be deemed to constitute an irrevocable offer by the

disqualified member to sell his, her or its membership interest to the

professional service limited liability company, pursuant to the

provisions of section twelve hundred ten of this article or of the

articles of organization or operating agreement, whichever is

applicable. Compliance with the terms of such offer shall be

specifically enforceable in the courts of this state. A professional

service limited liability company's failure to enforce compliance with

this provision shall constitute a ground for its dissolution.