Purpose of association - 15 Pa. Cons. Stat. § 9304
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Pennsylvania Statutes
§ 9304. Purpose of association.
An association may be organized only for the purpose of
rendering the one specific kind of professional service its
associates are authorized to render, and it shall not engage in
any business other than rendering the professional service for
which it was organized. The professional services shall be
rendered subject to rules and regulations of the professional
licensing boards with particular reference to manner of
practice, number of locations of practice and professional
conduct as well as any other matter which may properly come
within the jurisdiction of the professional licensing boards.
However, it may invest its funds in real estate, mortgages,
shares, bonds or any other type of investment, and it may own
real and personal property necessary or appropriate for
rendering its professional service.
Section: 8998 9101 9102 9103 9301 9302 9303 9304 9305 9306 9307 9308 9309 9310 9311
Last modified: November 27, 2007
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