Section 489.1101 - DefinitionsAs used in this subchapter, unless the context otherwise requires:
1."Employee" or "agent" does not include a clerk, stenographer, secretary, bookkeeper, technician, or other person who is not usually and ordinarily considered by custom and practice to be practicing a profession nor any other person who performs all that person's duties for the professional limited liability company under the direct supervision and control of one or more managers, employees, or agents of the professional limited liability company who are duly licensed in this state to practice a profession which the limited liability company is authorized to practice in this state. This subchapter does not require any such persons to be licensed to practice a profession if they are not required to be licensed under any other law of this state.2."Foreign professional limited liability company" means a limited liability company organized under laws other than the laws of this state for a purpose for which a professional limited liability company may be organized under this subchapter.3."Licensed" includes registered, certified, admitted to practice, or otherwise legally authorized under the laws of this state.4."Profession" means the following professions: a. Certified public accountancy.f. Practice as a physician assistant.h. Professional engineering.j. Landscape architecture.n. Osteopathic medicine and surgery.o. Accounting practitioner.q. Real estate brokerage.w. Marital and family therapy or mental health counseling, provided that the marital and family therapist or mental health counselor is licensed under chapters 147 and 154D.x. Social work, provided that the social worker is licensed pursuant to chapter 147 and section 154C.3, subsection 1, paragraph "c".5."Professional limited liability company" means a limited liability company subject to this subchapter, except a foreign professional limited liability company.6."Regulating board" means any board, commission, court, or governmental authority which, under the laws of this state, is charged with the licensing, registration, certification, admission to practice, or other legal authorization of the practitioners of any profession.7.a."Voluntary transfer" includes a sale, voluntary assignment, gift, pledge, or encumbrance; a voluntary change of legal or equitable ownership or beneficial interest; or a voluntary change of persons having voting rights with respect to any transferable interest, except as proxies.b."Voluntary transfer" does not include a transfer of an individual's interest in a limited liability company or other property to a guardian or conservator appointed for that individual or the individual's property.2008 Acts, ch 1088, §141; 2008 Acts, ch 1162, § 87, 155; 2011 Acts, ch 1, §1, 5, 6; 2018 Acts, ch 1066, §1, 5; 2019 Acts, ch 24, §72; 2023 Acts, ch 152, §111, 161 2023 amendment effective January 1, 2024; 2023 Acts, ch 152, §161
Amended by 2023 Iowa, ch 152, s 111, eff. 1/1/2024.Amended by 2019 Iowa, ch 24, s 72, eff. 7/1/2019.Amended by 2018 Iowa, ch 1066, s 1, eff. 4/2/2018.2008 Acts, ch 1088, §141; 2008 Acts, ch 1162, §87, 155; 2011 Acts, ch 1, §1, 5, 62023 amendment effective January 1, 2024; 2023 Acts, ch 152, §161
Section amended