If a shareholder, director, officer, employee, or agent of a professional corporation is legally disqualified to render professional service in this state, or is elected or appointed to a public office which under law restricts or limits the rendering of professional services, that person shall sever all employment and financial interest in the professional corporation immediately. The failure of the directors or officers to require compliance with this section is sufficient ground for the forfeiture of the corporate franchise.
Section: Previous 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 10.45.220 10.45.230 10.45.240 10.45.250 10.45.260 10.45.500 NextLast modified: November 15, 2016