Title XXIII, Private Corporations and Associations

As used in this chapter, unless the context indicates otherwise: (1) "Foreign professional service corporation" means a corporation for profit organized for the purpose of rendering professional services under a law other than the law of this state; (2) "Professional service" mea…

requirements -- Authority -- Amendment of articles to become business corporation. (1) One (1) or more individuals, each of whom is licensed to render the same professional service or who are licensed to render related professional services such that applicable licensing laws and…

(1) A professional service corporation may issue and a shareholder thereof may transfer or pledge shares, fractional shares, and rights or options to purchase shares only to: (a) A natural person who is authorized by law in this state or in any other state or territory of the Uni…

No proxy for shares of a professional service corporation shall be valid unless it shall be given to a qualified person. A voting trust with respect to shares of a professional service corporation shall not be valid unless all the trustees and beneficiaries thereof are qualified …

(1) Not less than one-half (1/2) of the directors of a professional service corporation and all the officers other than the secretary and the treasurer shall be qualified persons with respect to the corporation. (2) Those members of the board of directors of a professional servic…

No professional service corporation provided for in this chapter may render professional services except through officers, employees and agents who are duly licensed or otherwise legally authorized to render such professional services within this state. This provision shall not b…

(1) Except as otherwise provided in this section, KRS 271B.6-220 applies to a corporation governed by this chapter. (2) The provisions of this chapter shall not alter any law applicable to, or otherwise affect the fiducial, confidential or ethical relationship between a person re…

Nothing in this chapter shall restrict or limit in any manner the authority and duty of any regulating board of competent jurisdiction to license individual persons rendering professional services or to regulate the practice of the profession which is within the jurisdiction of s…

Procedure upon death of sole shareholder -- Insolvency. (1) The articles of incorporation may provide for the purchase or redemption of all of the shares of any shareholder within a period not to exceed one (1) year after the death or disqualification to practice the profession o…

Each professional service corporation shall file an annual report as provided in KRS 14A.6-010. A duplicate original copy of each annual report shall be filed with the regulating board which licenses the shareholders of the corporation.

No professional service corporation organized or authorized to conduct business under this chapter shall engage in any business other than the rendering of the professional service or services for which it was specifically incorporated, provided, however, that nothing in this cha…

This chapter shall not apply to any person within this state who, prior to the passage of this chapter, was permitted to organize a corporation and perform professional services by the means of such corporation, and this chapter shall not apply to any corporation organized by suc…

Any person who fails or refuses to do any act or perform any duty required of him by this chapter, or who causes or permits a false statement to be included in the articles of incorporation of any professional service corporation, shall be fined not more than one thousand dollars…

521.020, or 521.050. (1) If a domestic professional service corporation is convicted of a violation of KRS 506.010, 506.030, 506.040, 521.020, or 521.050, or if an officer, employee, or agent of the corporation violates any of those sections under circumstances which bring corpor…