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Stated purposes - 15 Pa. Cons. Stat. § 2922

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     § 2922.  Stated purposes.
        (a)  General rule.--A professional corporation shall not
     engage in any business other than the rendering of the
     professional service or services for which it was specifically
     incorporated except that a professional corporation may own real
     and personal property necessary for, or appropriate or desirable
     in, the fulfillment or rendering of its specific professional
     service or services and it may invest its funds in real estate,
     mortgages, stocks, bonds or any other type of investment.
        (b)  Additional powers.--A professional corporation may be an
     equity owner of a partnership, limited liability company,
     corporation or other association engaged in the business of
     rendering the professional service or services for which the
     professional corporation was incorporated.
     (June 22, 2001, P.L.418, No.34, eff. 60 days)

        2001 Amendment.  Act 34 amended subsec. (b).

Last modified: November 27, 2007