Title 16, Title 16: Corporations

16-11-13. Purchase or redemption of shares of disqualified shareholder. (1) The articles of incorporation may provide for the purchase or redemption of the shares of any shareholder upon the failure to qualify or disqualification of that shareholder, or the same may be provided i…

16-11-14. Annual certificate -- Filing -- Contents -- Filing fee. During the month of the anniversary date of incorporation, each professional corporation shall file with the division an annual report as specified by Section, giving the names and residence addresses of all shareh…

16-11-14. Annual certificate -- Filing -- Contents -- Filing fee. During the month of the anniversary date of incorporation, each professional corporation shall file with the division an annual report as specified by Section, giving the names and residence addresses of all shareh…

16-11-15. Incorporation under Utah Revised Business Corporation Act permitted -- Existing corporations may come under Professional Corporation Act. This act does not preclude incorporation by professional persons under, where such persons would be permitted to organize a corporat…

16-11-16. Corporate name. (1) The name of each professional corporation as set forth in the professional corporation's articles of incorporation: shall contain the terms: "professional corporation"; or "P.C."; may not contain the words: "incorporated"; or "inc."; may not contain:…

16-11-17. Provisions Applicable to All Business Entities applicable. Chapter 1a, Provisions Applicable to All Business Entities, applies to the provisions of this chapter.

16-11-2. Definitions. As used in this chapter: (1) "Filed" means the division has received and approved, as to form, a document submitted under this chapter, and has marked on the face of the document a stamp or seal indicating the time of day and date of approval, the name of th…

16-11-3. Purpose of act. This act shall be so construed as to effectuate its general purpose of making available to professional persons the benefits of the corporate form for the business aspects of their practices while preserving the established professional aspects of the per…

16-11-4. Incorporators -- Articles of incorporation. (1) One or more individuals, each of whom is licensed to render a professional service, may incorporate a professional corporation by filing articles of incorporation with the Division of Corporations and Commercial Code. (2) A…

16-11-5. Application of Utah Revised Business Corporation Act -- Conflicts. The provisions of, shall be applicable to professional corporations, and they shall enjoy the powers and privileges and be subject to the duties, restrictions and liabilities of other corporations, except…

16-11-6. Purpose of professional corporation -- Power to own property and invest funds. (1) A professional corporation may be organized pursuant to the provisions of this chapter only for the purpose of rendering one specific type of professional service and services ancillary to…

16-11-7. Issuance of shares of capital stock -- Restrictions. (1) A professional corporation may issue the shares of its capital stock and a shareholder may voluntarily transfer shares of capital stock in a professional corporation only to: persons who are duly licensed to render…

16-11-8. Officer, director, or shareholder shall be licensed professional -- Nonlicensed person as secretary or treasurer. (1) Except as provided in Subsection, a person may not be an officer, director, or shareholder of a professional corporation unless that person is: (1)(b) an…

16-11-9. Licensed persons to render professional services. A professional corporation may render professional services only through its officers, employees and agents who are duly licensed to render such professional services.