Unlicensed individuals -- Ownership of capital stock -- Service as officer or director. (1) As used in this section: (a) "Veterinary corporation" means a professional corporation organized to render veterinary services under Title 16, Chapter 11, Professional Corporation Act. (b) "Veterinary limited liability company" means a limited liability company organized to render veterinary services under Title 48, Chapter 3a, Utah Revised Uniform Limited Liability Company Act. (c) "Veterinary partnership" means a partnership or limited liability partnership organized to render veterinary services under: (i) Title 48, Chapter 1d, Utah Uniform Partnership Act; or (ii) Title 48, Chapter 2e, Utah Uniform Limited Partnership Act. (2) A veterinary corporation may issue or transfer shares of the veterinary corporation's capital stock to a person that is not licensed to practice veterinary medicine, surgery, and dentistry under this chapter. (3) An individual who is not licensed to practice veterinary medicine, surgery, and dentistry under this chapter: (a) may not serve as an officer or director of a veterinary corporation; and (b) may serve as secretary or treasurer of a veterinary corporation. (4) A veterinary limited liability company or a veterinary partnership may include an individual who is not licensed to practice veterinary medicine, surgery, and dentistry under this chapter.
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