10-2244. Authority to transact business
A. Except as provided in subsection C of this section, a foreign professional corporation shall not transact business in this state until it is granted authority to transact business in this state from the commission.
B. A foreign professional corporation may not obtain authority to transact business in this state unless:
1. Its corporate name satisfies the requirements of section 10-2215.
2. It is incorporated for one or more of the purposes described in section 10-2211.
3. At least one-half of its shareholders who are entitled to vote for the election of directors, at least one-half of its directors and its president, if any, are licensed in one or more states to render a professional service described in its articles of incorporation.
C. A foreign professional corporation is not required to obtain authority to transact business in this state unless it maintains or intends to maintain an office in this state for the conduct of business or professional practice.
Section: Previous 10-2231 10-2232 10-2233 10-2234 10-2240 10-2241 10-2242 10-2244 10-2245 10-2246 10-2249 10-2251 10-2252 10-2253 10-2254 NextLast modified: October 13, 2016