§ 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 […]
§ 608. Chapter not to affect professional relationship; legal liabilities and standards for professional conduct; negligence; attachment of assets.
§ 608. Chapter not to affect professional relationship; legal liabilities and standards for professional conduct; negligence; attachment of assets. Nothing contained in this chapter shall be interpreted to abolish, repeal, modify, restrict or limit the law now in effect in this State, applicable to the professional relationship and the contract, tort, and other legal liabilities […]
§ 609. Engaging in other business prohibited.
§ 609. Engaging in other business prohibited. No professional corporation shall engage in any business other than the rendering of the professional services set forth in its certificate of incorporation; provided, however, nothing in this chapter or in any other provisions of existing law applicable to professional corporations shall be interpreted to prohibit such professional […]
§ 610. Issuance of capital stock to licensed individuals; voting trust agreements prohibited; holding of stock by shareholder’s estate.
§ 610. Issuance of capital stock to licensed individuals; voting trust agreements prohibited; holding of stock by shareholder’s estate. No professional corporation may issue any of its capital stock to anyone other than an individual who is duly licensed or otherwise legally authorized to render the same specific professional service or any of the component […]
§ 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 […]