§ 8996. Restrictions
Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 15 Pa.C.S.A. Corporations and Unincorporated AssociationsEffective: August 21, 2001
Purdon's Pennsylvania Statutes and Consolidated Statutes
Title 15 Pa.C.S.A. Corporations and Unincorporated Associations (Refs & Annos)
Part III. Partnerships and Limited Liability Companies (Refs & Annos)
Chapter 89. Limited Liability Companies (Refs & Annos)
Subchapter L. Restricted Professional Companies
Effective: August 21, 2001
15 Pa.C.S.A. § 8996
§ 8996. Restrictions
(b) Ownership and governance of restricted professional companies.--Except as otherwise provided by a statute, rule or regulation applicable to a particular profession, all of the ultimate beneficial owners of membership interests in and all of the managers, if any, of a restricted professional company shall be licensed persons.
(2) Paragraph (1) shall not be interpreted to preclude the use of clerks, secretaries, nurses, administrators, bookkeepers, technicians and other assistants or paraprofessionals who are not usually and ordinarily considered by law, custom and practice to be rendering the restricted professional service or services for which the restricted professional company was organized nor to preclude the use of any other person who performs all his employment under the direct supervision and control of a licensed person. A person shall not under the guise of employment render restricted professional services unless duly licensed or admitted to practice as required by law.
(i) A clinical laboratory as defined in section 2 of the act of September 26, 1951 (P.L. 1539, No. 389), known as The Clinical Laboratory Act.1
(ii) A blood bank as defined in section 3 of the act of December 6, 1972 (P.L. 1614, No. 335), known as the Pennsylvania Blood Bank Act.2
(iii) A health care facility as defined in section 802.1 of the act of July 19, 1979 (P.L. 130, No. 48), known as the Health Care Facilities Act.3
(iv) An ambulatory service facility as defined in section 3 of the act of July 8, 1986 (P.L. 408, No. 89), known as the Health Care Cost Containment Act.4
Credits
1994, Dec. 7, P.L. 703, No. 106, § 4, effective in 60 days. Amended 2001, June 22, P.L. 418, No. 34, § 2, effective in 60 days.
15 Pa.C.S.A. § 8996, PA ST 15 Pa.C.S.A. § 8996
Current through Act 10 of the 2024 Regular Session. Some statute sections may be more current, see credits for details.
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