North Dakota Century Code Title 10. Corporations § 10-31-01. Definitions

1. “Create” means to form an organization by:

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:

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:

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:

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:

10. “Professional organization” or “organization” means:

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.