A professional corporation may issue shares of its capital stock to persons licensed by a regulatory board of the state to render the professional service specified in the articles of incorporation, or to a revocable or joint revocable trust if a settlor of the trust is a person licensed by a regulatory board of the state to render the professional service specified in the articles of incorporation. It may not issue shares to any other person or trust.
Section: Previous 10.45.010 10.45.020 10.45.030 10.45.040 10.45.050 10.45.060 10.45.070 10.45.080 10.45.090 10.45.100 10.45.110 10.45.120 10.45.130 10.45.133 10.45.136 NextLast modified: November 15, 2016