§ 611. Disqualification of officer, shareholder, agent or employee.
§ 611. Disqualification of officer, shareholder, agent or employee. (a) Any officer, employee, agent or shareholder of a professional corporation shall forthwith sever all employment with, and financial interests in, the professional corporation in the event that such person: (1) Becomes legally disqualified to render such professional service within this State; (2) Is elected to […]
§ 612. Sale or transfer of shares.
§ 612. Sale or transfer of shares. Except as provided in § 616 of this title, no shareholder of a professional corporation may sell or transfer such shareholder’s shares in the professional corporation, except to the professional corporation, or to another individual who is eligible to be a shareholder of such professional corporation. Unless the […]
§ 613. Price for shares.
§ 613. Price for shares. If the certificate of incorporation or bylaws of a professional corporation, or a separate contract among all of the shareholders of the professional corporation and, if such contract provides for redemption, the professional corporation itself, fails to fix a price at which a professional corporation or its shareholders may purchase […]
§ 614. Perpetual corporate existence.
§ 614. Perpetual corporate existence. A professional corporation shall have perpetual existence until dissolved in accordance with other provisions of this chapter. 8 Del. C. 1953, § 614; 57 Del. Laws, c. 127; 80 Del. Laws, c. 184, § 1;
§ 615. Conversion into business corporation.
§ 615. Conversion into business corporation. Whenever all shareholders of a professional corporation cease at any time, and for any reason, to be licensed, certified or registered in the particular professional service or at least 1 of the qualified related professional services for which such professional corporation was organized, the professional corporation shall thereupon be […]
§ 616. Time for transfer of shares upon death or disqualification.
§ 616. Time for transfer of shares upon death or disqualification. Within 375 days following the date of death of a shareholder, or within 30 days following such shareholder’s disqualification to own shares in the professional corporation, as provided in this chapter, all of the shares of such shareholder shall be transferred to, and acquired […]
§ 617. Corporate name.
§ 617. Corporate name. The corporate name of a professional corporation shall contain either a word or words descriptive of the professional service to be rendered by the professional corporation, or any of the qualified related professional services to be rendered by the professional corporation, or shall contain the last names of 1 or more […]
§ 618. Applicability of General Corporation Law; consolidation or merger of professional corporations; annual report.
§ 618. Applicability of General Corporation Law; consolidation or merger of professional corporations; annual report. This title shall be applicable to a corporation organized pursuant to this chapter, except to the extent that any of the provisions of this chapter are interpreted to be in conflict with the provisions of this title, and in such […]
§ 619. Construction of chapter.
§ 619. Construction of chapter. (1) This chapter shall not be construed as repealing, modifying or restricting the applicable provisions of law relating to incorporations, sales of securities, or regulating the several professions enumerated in this chapter, except insofar as such laws conflict with this chapter. (2) The provisions in this chapter authorizing “qualified related […]
§ 607. Rendition of professional services through licensed officers, employees and agents.
§ 607. Rendition of professional services through licensed officers, employees and agents. No professional corporation may render professional services except through its officers, employees and agents who are duly licensed or otherwise legally authorized to render such professional services within this State; provided, however, this provision shall not be interpreted to include in the term […]