Sec. 10.45.510. Short title.
This chapter may be cited as the Professional Corporation Act.
Sec. 10.45.100. Voting trust prohibited.
A voting trust may not be formed to vote the shares of a professional corporation.
Sec. 10.45.110. Holding stock, merging or consolidating with another professional corporation.
A professional corporation may not hold stock in another professional corporation, or merge or consolidate with a foreign professional corporation.
Sec. 10.45.120. Corporate name.
(a) The corporate name of a professional corporation shall contain the last name of one or more of its shareholders, unless the regulations of a particular regulating board or the ethics of a profession permit the use of a corporate name which does not include the surname of any present or former shareholder. The corporate […]
Sec. 10.45.130. Change or alteration of corporate name.
When a person whose name is part of a corporate name ceases to be a shareholder, the corporation shall alter its name to reflect this change; however, a professional corporation may retain the name of a retired or deceased shareholder in its corporate name if the regulations of a particular regulating board or the ethics […]
Sec. 10.45.133. Continuity of life.
Unless the articles of incorporation expressly provide otherwise, a professional corporation shall continue as a separate entity independent of its shareholders for all purposes and for the period of time provided in the articles or until dissolved by a vote of two-thirds of the shareholders. A professional corporation shall continue notwithstanding the death, insanity, incompetency, […]
Sec. 10.45.136. No shareholder power to dissolve.
A shareholder of a professional corporation does not have the power to dissolve the corporation by an independent act of any kind.
Sec. 10.45.140. Professional relationship and liabilities.
(a) The provisions of this chapter do not modify the law applicable to the relationship between a person furnishing professional service and a person receiving the service, including liability arising out of the professional service, and including any confidential relationship between the person rendering the professional service and the person receiving the service. (b) Except […]
Sec. 10.45.180. Authority and duty of regulatory boards not limited.
This chapter does not restrict or limit the authority and duty of the regulatory boards for the licensing of persons rendering professional services or for the practice of the profession that is within the jurisdiction of the boards.
Sec. 10.45.190. Professional acts limited.
A professional corporation may not do any act that is prohibited to a person licensed to practice a profession that the professional corporation renders.