Michigan Compiled Laws 284-1972-2a Chapter 2a Professional Corporations (450.1281...450.1289)

• Section 450.1281 Incorporation As Professional Corporation.
  (1) A corporation must incorporate as a professional corporation under this chapter if it is incorporated to provide 1 or more services in a...
• Section 450.1282 Definitions.
  As used in this chapter: (a) "Licensed person" means an individual who is duly licensed or otherwise legally authorized to practice a professional service...
• Section 450.1283 Professional Corporation; Formation; Name.
  (1) Except as provided in this section, 1 or more licensed persons may form a professional corporation under this chapter. (2) Each shareholder of...
• Section 450.1284 Professional Corporation Subject To Mcl 333.16101 To 333.18838.
  (1) Except as otherwise provided in subsection (2) or (3), if a professional corporation provides a professional service that is subject to article 15...
• Section 450.1285 Professional Services; Licensure Of Officers, Employee, And Agents; Other Laws; Liability.
  (1) A professional corporation shall not provide professional services in this state except through its officers, employees, and agents who are duly licensed or...
• Section 450.1286 Officer, Shareholder, Agent, Or Employee; Legal Disqualification; Restriction Or Limitation Of Authority To Provide Services; Failure To Comply With Section.
  If an officer, shareholder, agent, or employee of a professional corporation becomes legally disqualified to provide the professional services provided by the corporation, or...
• Section 450.1287 Professional Services; Limitation.
  (1) A professional corporation shall not engage in any business other than providing the professional service or services for which it was specifically incorporated....
• Section 450.1288 Issuance Of Capital Stock; Sale Or Transfer Of Shares; Voting Trust Or Other Agreement; Redemption Or Purchase Of Shares.
  (1) A professional corporation shall not issue any of its capital stock to anyone other than an individual who is duly licensed or otherwise...
• Section 450.1289 Professional Entity As Surviving Entity Of Merger Or Conversion.
  (1) A professional corporation that is the surviving entity of a merger or conversion shall only have as shareholders licensed persons that are permitted...

Last modified: October 10, 2016