21 NCAC 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.
History Note: 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.