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.
Sec. 10.45.200. Legal disqualification of corporate personnel.
If a shareholder, director, officer, employee, or agent of a professional corporation is legally disqualified to render professional service in this state, or is elected or appointed to a public office which under law restricts or limits the rendering of professional services, that person shall sever all employment and financial interest in the professional corporation […]
Sec. 10.45.210. Disposal of shares of legally disqualified shareholder.
A professional corporation may provide in its articles of incorporation that the shares of a legally disqualified shareholder may be sold only to other shareholders or licensed persons of the same profession, or it may provide for the purchase, redemption, or retirement of the shares by the corporation out of capital as well as surplus […]
Sec. 10.45.220. Shares of deceased shareholder.
(a) A professional corporation may provide for the disposal of the shares of a deceased shareholder in its articles of incorporation or bylaws, or its shareholders may provide for their disposal by private agreement. If there is no provision or private agreement, the shares shall first be offered for sale to the remaining shareholders by […]
Sec. 10.45.230. Determination of value of shares.
If the articles of incorporation or bylaws of a professional corporation do not provide a price or method of determining a price at which the corporation may purchase, redeem, or retire the shares, or that its shareholders may purchase the shares of a deceased shareholder or a shareholder no longer qualified to own shares in […]
Sec. 10.45.240. Applicability of Alaska Corporations Code and Alaska Entity Transactions Act.
The Alaska Corporations Code, including the provision in AS 10.06.595 that allows, with exceptions, corporations to enter into mergers, interest exchanges, conversions, and domestications under AS 10.55 (Alaska Entity Transactions Act), is applicable to professional corporations, and they enjoy the powers and privileges and are subject to the duties, restrictions, and liabilities of other corporations, […]
Sec. 10.45.500. Definitions.
In this chapter, (1) “employee” means a licensed person employed by a professional corporation to render the type of professional service for which the corporation was organized; (2) “professional corporation” means a corporation organized under this chapter to render a professional service; (3) “professional person” means a person licensed to render a professional service; (4) […]