10-2227. Cancellation of disqualified shares
If the shares of a disqualified shareholder are not acquired pursuant to section 10-2223 within ten months after the death or dissolution of the shareholder or within five months after the disqualification or transfer, the professional corporation shall immediately cancel the shares on its books and the disqualified shareholder shall have no further interest as a shareholder in the corporation other than the right to payment of the price specified in section 10-2223, subsection B.
Section: Previous 10-2220 10-2221 10-2222 10-2223 10-2224 10-2225 10-2226 10-2227 10-2228 10-2230 10-2231 10-2232 10-2233 10-2234 10-2240 NextLast modified: October 13, 2016