21 N.C. Admin. Code 32C .0109 - REGISTRATION OF FOREIGN PROFESSIONAL CORPORATION

(a) In addition to the other rules in this Subchapter, foreign professional corporations applying for a Certificate of Authority to Transact Business must meet the following requirements:

(1) provide proof that shareholders licensed in other states are currently licensed and in good standing with their respective licensing boards;

(2) at least one shareholder must be currently licensed and in good standing with the Board; and

(3) no person other than a licensee of the Board shall exercise any authority or influence over the practice of medicine as defined by Article 1 of Chapter 90.

(b) For purposes of this Rule, "in good standing" means has not been disciplined by a licensing Board and is not currently subject to disciplinary proceedings.

Notes

21 N.C. Admin. Code 32C .0109

Authority G.S. 55B-16; 90-1.1(5); 90-2(a); 90-5.1(a)(3);
Eff. May 1, 2012;
Pursuant to G.S. 150B-21.3A rule is necessary without substantive public interest Eff. March 1, 2016.

Authority G.S. 55B-16; 90-1.1(5); 90-2(a); 90-5.1(a)(3);
Eff. May 1, 2012.