Terms Used In Rhode Island General Laws > Chapter 7-5.1 - Professional Service Corporations

• administering estates of shareholders: shall include , but not be limited to, contracting with licensed professionals to operate the practice upon the death of the person licensed to practice. See Rhode Island General Laws 7-5.1-5
• Authorized to practice: means duly licensed, certified, or registered by the proper regulatory agency. See Rhode Island General Laws 7-5.1-2
• Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
• in writing: include printing, engraving, lithographing, and photo-lithographing, and all other representations of words in letters of the usual form. See Rhode Island General Laws 43-3-16
• ineligible shareholder: includes a shareholder electing to retire or withdraw from active employment in the corporation. See Rhode Island General Laws 7-5.1-5
• Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
• person: may be construed to extend to and include co-partnerships and bodies corporate and politic. See Rhode Island General Laws 43-3-6
• Personal property: All property that is not real property.
• Professional services: means the rendering of personal services by a person authorized to practice as one of the following professions as defined:

  (i)  Physicians;

  (ii)  Dentists;

  (iii)  Attorneys at law;

  (iv)  [Deleted by P. See Rhode Island General Laws 7-5.1-2

• real estate: may be construed to include lands, tenements, and hereditaments and rights thereto and interests therein. See Rhode Island General Laws 43-3-10
• Regulatory agency: means :

  (i)  The professional licensing board contained within the department of health, as set forth in title 5 when referring to physicians, dentists, chiropractors, podiatrists, registered nurses, optometrists, physical therapists, opticians, physician assistants, or midwives or nurse-midwives;

  (ii)  The Supreme Court when referring to attorneys at law;

  (iii)  The boards of registration of professional engineers and land surveyors when referring to professional engineers or land surveyors;

  (iv)  The board of examination and registration of architects when referring to architects;

  (v)  The board of accountancy when referring to certified public accountants and licensed public accountants;

  (vi)  The board of veterinarians when referring to veterinarians;

  (vii)  The board of examiners of landscape architects when referring to landscape architects;

  (viii)  The board of psychology when referring to psychologists. See Rhode Island General Laws 7-5.1-2