SUBCHAPTER 1E - REGULATIONS FOR ORGANIZATIONS PRACTICING
SECTION .0100 - REGULATIONS FOR PROFESSIONAL CORPORATIONS AND
PROFESSIONAL LIMITED LIABILITY COMPANIES PRACTICING LAW
27 NCAC 01E .0101 AUTHORITY, SCOPE, AND
(a) "Authority" Chapter 55B of the General
Statutes of North Carolina, being "the Professional Corporation Act,"
particularly Section 55B-12, and Chapter 57C, being the "North Carolina
Limited Liability Company Act," particularly Section 57C-2-01(c),
authorizes the Council of the North Carolina State Bar (the council) to adopt
regulations for professional corporations and professional limited liability
companies practicing law. These regulations are adopted by the council
pursuant to that authority.
(b) "Statutory Law" These regulations only
supplement the basic statutory law governing professional corporations (Chapter
55B) and professional limited liability companies (Chapter 57C) and shall be
interpreted in harmony with those statutes and with other statutes and laws
governing corporations and limited liability companies generally.
(c) "Definitions" All terms used in these
regulations shall have the meanings set forth below or shall be as defined in
the Professional Corporation Act or the North Carolina Limited Liability
Company Act as appropriate.
(1) "Council" shall mean the Council
of the North Carolina State Bar.
(2) "Licensee" shall mean any natural
person who is duly licensed to practice law in North Carolina.
(3) "Professional limited liability
company or companies" shall mean any professional limited liability
company or companies organized for the purpose of practicing law in North
(4) "Professional corporations" shall
mean any professional corporation or corporations organized for the purpose of
practicing law in North Carolina.
(5) "Secretary" shall mean the
secretary of the North Carolina State Bar.
History Note: Authority G.S. 84-23;
Readopted Eff. December 8, 1994.