General Laws of Massachusetts - Chapter 156A Professional Corporations

• Massachusetts General Laws - Short title - Chapter 156A, Section 1
  This chapter shall be known and may be cited as the Professional Corporation Law.
• Massachusetts General Laws - Definitions - Chapter 156A, Section 2
  In this chapter, unless the context otherwise requires, the following words shall have the following meanings: (a) “Professional corporation”, a domestic corporation organized under this...
• Massachusetts General Laws - Professional services provided - Chapter 156A, Section 3
  (a) Except as hereinafter provided, a professional corporation may be organized under this chapter only for the purpose of rendering professional services and services ancillary...
• Massachusetts General Laws - Applicable provisions; powers and duties - Chapter 156A, Section 4
  (a) Chapter 156D shall apply to professional corporations and which shall enjoy the powers and privileges, and be subject to the duties, restrictions and liabilities...
• Massachusetts General Laws - Rendition of professional services; construction of chapter - Chapter 156A, Section 5
  A professional corporation may render professional services in the commonwealth only through its officers, employees and agents who are duly licensed to render such professional...
• Massachusetts General Laws - Shareholder liability; professional relationship; privileged communications - Chapter 156A, Section 6
  (a) Except as otherwise provided by law or regulation, the personal liability of a shareholder of a professional corporation organized under this chapter shall be...
• Massachusetts General Laws - Organization; content of articles of organization - Chapter 156A, Section 7
  One or more individuals, each of whom is licensed to perform a professional service, may organize a professional corporation by complying with Part 2 of...
• Massachusetts General Laws - Corporate name - Chapter 156A, Section 8
  The corporate name of every professional corporation shall end with the word “Professional Corporation”, “Corporation” or “Incorporated” or the abbreviation “P.C.”, “Corp.” or “Inc.” or...
• Massachusetts General Laws - Licensing of directors and officers - Chapter 156A, Section 9
  A majority of directors of a professional corporation and all of its officers except the treasurer, clerk, secretary and any assistant treasurer, assistant clerk or...
• Massachusetts General Laws - Issue or transfer of shares, or rights or options to purchase - Chapter 156A, Section 10
  (a) A professional corporation may issue shares, fractional shares, and rights or options to purchase shares only to: (1) natural persons who are licensed in...
• Massachusetts General Laws - Proxies; voting trusts - Chapter 156A, Section 11
  No proxy for shares of a professional corporation shall be valid unless it shall be given to a qualified person, or unless it is limited...
• Massachusetts General Laws - Purchase or redemption of shares by corporation; contingencies; time - Chapter 156A, Section 12
  (a) It shall be provided in the articles or organization or by-laws of a professional corporation, or in an agreement binding upon all of its...
• Massachusetts General Laws - Liquidation, dissolution or merger of corporation - Chapter 156A, Section 13
  (a) If any of the events described in subsection (a) of section twelve shall occur with respect to the sole shareholder of a professional corporation...
• Massachusetts General Laws - Merger into or consolidation with business corporation - Chapter 156A, Section 14
  A professional corporation which has ceased to render any professional services under this chapter or which is permitted to render professional services as a business...
• Massachusetts General Laws - Dissolution - Chapter 156A, Section 15
  If action required by section 12 or 13 is not taken within the prescribed time period, or it shall be established that a professional corporation...
• Massachusetts General Laws - Merger or consolidation with another corporation - Chapter 156A, Section 16
  (a) Except as provided in section fourteen, a professional corporation may merge or consolidate with another corporation, domestic or foreign, only if every shareholder of...
• Massachusetts General Laws - Foreign professional corporations; registration - Chapter 156A, Section 17
  (a) A foreign professional corporation shall register under the provisions of this section if (1) it maintains an office in the commonwealth; or (2) any...
• Massachusetts General Laws - Annual report - Chapter 156A, Section 18
  The annual report of a professional corporation or a foreign professional corporation shall, in addition to the information required by section 16.22 of subdivision B...
• Massachusetts General Laws - Regulating boards; rules; authority or duties - Chapter 156A, Section 19
  Each regulating board in the commonwealth is hereby authorized to promulgate rules for professional corporations consistent with this chapter which are deemed necessary in the...

Last modified: September 11, 2015