§ 55B-12 – Application of regulations of licensing boards.
55B-12. Application of regulations of licensing boards. (a) A professional corporation shall be subject to the applicable rules and regulations adopted by, and all the disciplinary powers of, the licensing board as herein defined. Nothing in this Chapter shall impair the disciplinary powers of any licensing board applicable to a licensee as herein defined. No […]
§ 55B-13 – Suspension or revocation of certificate of registration.
55B-13. Suspension or revocation of certificate of registration. A licensing board may suspend or revoke a certificate of registration issued by it to a domestic or foreign professional corporation for any of the following reasons: (1) Upon the failure of such corporation to promptly remove or discharge an officer, director, shareholder or employee who becomes […]
§ 55B-4 – Formation of corporation.
55B-4. Formation of corporation. A professional corporation under this Chapter may be formed pursuant to the provisions of Chapter 55, the North Carolina Business Corporation Act, with the following limitations: (1) At least one incorporator shall be a "licensee" as hereinabove defined in G.S. 55B-2(2). (2) All of the shares of stock of the corporation […]
§ 55B-1 – Title.
55B-1. Title. This Chapter may be cited as "The Professional Corporation Act." (1969, c. 718, s. 1.)
§ 55B-2 – Definitions.
55B-2. Definitions. As used in this Chapter, the following words shall, unless the context requires otherwise, have the following meanings: (1) "Disqualified person" means a licensed person who for any reason becomes legally disqualified to render the same professional services which are or were being rendered by the professional corporation of which such person is […]
§ 55B-3 – North Carolina Business Corporation Act applicable; other applicable law.
55B-3. North Carolina Business Corporation Act applicable; other applicable law. (a) Chapter 55 of the General Statutes, the North Carolina Business Corporation Act, applies to professional corporations, including their organization, and professional corporations shall enjoy the powers and privileges and shall be subject to the duties, restrictions and liabilities of other corporations, except insofar as […]