Unless the articles of incorporation expressly provide otherwise, a professional corporation shall continue as a separate entity independent of its shareholders for all purposes and for the period of time provided in the articles or until dissolved by a vote of two-thirds of the shareholders. A professional corporation shall continue notwithstanding the death, insanity, incompetency, conviction for felony, resignation, withdrawal, transfer of ownership of shares, retirement, or expulsion of any one or more of the shareholders, the transfer of shares to a new shareholder, or the happening of any other event that under the law of this state and under like circumstances would work a dissolution of a partnership.
Section: Previous 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 10.45.140 10.45.150 10.45.180 10.45.190 10.45.200 10.45.210 NextLast modified: November 15, 2016