Alaska Statutes Title 10, Chapter 10.45 - Professional Corporation Act

• Sec. 10.45.010 Incorporation.
  (a) One or more persons each of whom is licensed to render a professional service in this state may incorporate a professional corporation by...
• Sec. 10.45.020 Rendering Professional Service and Charging Fees.
  A professional corporation may render one type of professional service only. It may charge fees for the services of its directors, officers, employees, or...
• Sec. 10.45.030 Who May Render Professional Service.
  A professional corporation incorporated under this chapter may not render professional services except through the persons who are licensed within the state to render...
• Sec. 10.45.040 Prohibition Against Engaging in Business; Property and Investments.
  A professional corporation may not engage in business; however, it may own real and personal property necessary for or appropriate in rendering its own...
• Sec. 10.45.050 Issuance of Shares.
  A professional corporation may issue shares of its capital stock to persons licensed by a regulatory board of the state to render the professional...
• Sec. 10.45.060 Qualifications of Director, Officer, or Shareholder.
  A person may not be a director or officer of a professional corporation if the person is not a shareholder of that corporation. A...
• Sec. 10.45.070 Management by Directors; Authority of Officers and Shareholders.
  (a) The management of a professional corporation shall be vested in the board of directors which shall have the continuing exclusive authority to make...
• Sec. 10.45.080 Transfer of Shares.
  A shareholder of a professional corporation may sell or transfer shares in the professional corporation only to another individual licensed to render the same...
• Sec. 10.45.090 Voting by Proxy.
  A proxy may be given to a licensed shareholder of the same corporation to vote the shares of the professional corporation. No other person...
• Sec. 10.45.100 Voting Trust Prohibited.
  A voting trust may not be formed to vote the shares of a professional corporation.
• Sec. 10.45.110 Holding Stock, Merging or Consolidating With Another Professional Corporation.
  A professional corporation may not hold stock in another professional corporation, or merge or consolidate with a foreign professional corporation.
• Sec. 10.45.120 Corporate Name.
  (a) The corporate name of a professional corporation shall contain the last name of one or more of its shareholders, unless the regulations of...
• Sec. 10.45.130 Change or Alteration of Corporate Name.
  When a person whose name is part of a corporate name ceases to be a shareholder, the corporation shall alter its name to reflect...
• Sec. 10.45.133 Continuity of Life.
  Unless the articles of incorporation expressly provide otherwise, a professional corporation shall continue as a separate entity independent of its shareholders for all purposes...
• Sec. 10.45.136 No Shareholder Power to Dissolve.
  A shareholder of a professional corporation does not have the power to dissolve the corporation by an independent act of any kind.
• Sec. 10.45.140 Professional Relationship and Liabilities.
  (a) The provisions of this chapter do not modify the law applicable to the relationship between a person furnishing professional service and a person...
• Sec. 10.45.150 - 10.45.170. Corporate Liability; Personal Liability of Shareholders. [Repealed, Sec. 8 Ch 75 Sla 1969].
  Repealed or Renumbered
• Sec. 10.45.180 Authority and Duty of Regulatory Boards Not Limited.
  This chapter does not restrict or limit the authority and duty of the regulatory boards for the licensing of persons rendering professional services or...
• Sec. 10.45.190 Professional Acts Limited.
  A professional corporation may not do any act that is prohibited to a person licensed to practice a profession that the professional corporation renders.
• Sec. 10.45.200 Legal Disqualification of Corporate Personnel.
  If a shareholder, director, officer, employee, or agent of a professional corporation is legally disqualified to render professional service in this state, or is...
• Sec. 10.45.210 Disposal of Shares of Legally Disqualified Shareholder.
  A professional corporation may provide in its articles of incorporation that the shares of a legally disqualified shareholder may be sold only to other...
• Sec. 10.45.220 Shares of Deceased Shareholder.
  (a) A professional corporation may provide for the disposal of the shares of a deceased shareholder in its articles of incorporation or bylaws, or...
• Sec. 10.45.230 Determination of Value of Shares.
  If the articles of incorporation or bylaws of a professional corporation do not provide a price or method of determining a price at which...
• Sec. 10.45.240 Applicability of Alaska Corporations Code and Alaska Entity Transactions Act.
  The Alaska Corporations Code, including the provision in AS 10.06.595 that allows, with exceptions, corporations to enter into mergers, interest exchanges, conversions, and domestications...
• Sec. 10.45.250 [Renumbered As As 10.45.500 ].
  
  Repealed or Renumbered
• Sec. 10.45.260 [Renumbered As As 10.45.510 ].
  
  Repealed or Renumbered
• Sec. 10.45.500 Definitions.
  In this chapter,(1) "employee" means a licensed person employed by a professional corporation to render the type of professional service for which the corporation...
• Sec. 10.45.510 Short Title.
  This chapter may be cited as the Professional Corporation Act.

Last modified: November 15, 2016