Title 18 — Business Structure and Function
60 chapters · 1,419 sections in this title.
18 GCA § 8101 Citation
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This Chapter shall be known and may be cited as the Professional Corporation Act. SOURCE: CC § 450.
18 GCA § 8102 Definitions
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As used in this Chapter: (a) Professional services means any type of professional services which may be lawfully rendered only pursuant to a license, certification or registration authorized by the Business License Law (11 GCA Chapter 26). (b) Professional corporation means a cor…
18 GCA § 8103 Application of Chapter
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This chapter shall not apply to any corporation now in existence or hereafter organized which may lawfully render professional services other than pursuant to this Chapter, nor shall anything herein contained alter or affect any right or privilege, whether under any existing or f…
18 GCA § 8104 Application of General Corporation Law
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The provisions of the General Corporation Law [Chapters 1 through 7 of this Part] shall apply to professional corporations, except where such provisions are in conflict with or inconsistent with the provisions of this Chapter. A professional corporation which has only one shareho…
18 GCA § 8105 Formation; Purposes; Procedures; Certificate Required
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A corporation may be formed under the General Corporation Law for the purposes of qualifying as a professional corporation in the manner provided in this Chapter and rendering professional services. The articles of incorporation of a professional corporation shall contain a speci…
18 GCA § 8106 Rendition of Professional Services
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Subject to the provisions of '13404, a professional corporation may lawfully render professional services, but only through employees who are licensed persons. The corporation may employ persons not so licensed, but such persons shall not render any professional services rendered…
18 GCA § 8107 Stock: Qualification of Shareholders: Confidential Financial
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Statements: Voting Trusts: Proxies. Shares of capital stock in a professional corporation may be issued only to a licensed person, and any shares issued in violation of this restriction shall be void. Unless there is a public offering of securities by a professional corporation, …
18 GCA § 8108 Transfer of Shares: Purchase by Corporation
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COL120106 Shares in a professional corporation may be transferred only to a licensed person or to such professional corporation, and any transfer in violation of this restriction shall be void. A professional corporation may purchase its own shares without regard to any restricti…
18 GCA § 8109 Suspension or Revocation of Registration Certificate
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The following shall be grounds for the suspension or revocation of the certificate of registration of a professional corporation: (a) if all shareholders of such corporation shall at any one time become disqualified persons, or (b) if the sole shareholder shall become a disqualif…
18 GCA § 8110 Name
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A professional corporation may adopt any name permitted by law expressly applicable to the profession in which such corporation is engaged or by a rule or regulation of the governmental agency regulating such profession; provided, however, that such name shall not be substantiall…
18 GCA § 8111 Rules and Regulations Applicable
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A professional corporation shall be subject to the applicable rules and regulations adopted by, and all the disciplinary powers of, the governmental agency regulating the profession in which such corporation is engaged. Nothing in this Chapter shall affect or impair the disciplin…