15 Pennsylvania Consolidated Statutes Chapter 29 - Professional Corporations

• Chapter Notes

Subchapter A.  Preliminary Provisions

• Section 2901 - Application And Effect Of Chapter
  (a) General rule.--This chapter shall be applicable to a business corporation, other than a management corporation, that: (1) on the effective date of this...
• Section 2902 - Definitions And Index Of Definitions
  (a) Definitions.--The following words and phrases when used in this chapter shall have the meanings given to them in this section unless the context...
• Section 2903 - Formation Of Professional Corporations
  (a) General rule.--A professional corporation shall be formed in accordance with Article B (relating to domestic business corporations generally) except that its articles shall...
• Section 2904 - Election Of An Existing Business Corporation To Become A Professional Corporation
  (a) General rule.--A business corporation may become a professional corporation under this chapter by filing articles of amendment which shall contain, in addition to...
• Section 2905 - Election Of Professional Associations To Become Professional Corporations
  (a) General rule.--This chapter applies to every professional association subject to Chapter 93 (relating to professional associations) that elects to accept the provisions of...
• Section 2906 - Termination Of Professional Corporation Status
  A professional corporation may terminate its status as such and cease to be subject to this chapter by amending its articles to delete therefrom...
• Section 2907 - Proceedings To Terminate Breach Of Qualifying Conditions
  (a) General rule.--If the corporation does not otherwise have the right to acquire all the shares of a shareholder who becomes a disqualified person...

Subchapter B.  Powers, Duties and Safeguards

• Section 2921 - Corporate Name
  (a) General rule.--A professional corporation may adopt any name that is not prohibited by law or the ethics of the profession in which the...
• Section 2922 - Stated Purposes
  (a) General rule.--A professional corporation shall not engage in any business other than the rendering of the professional service or services for which it...
• Section 2923 - Issuance And Retention Of Shares
  (a) General rule.--Except as otherwise provided by a statute, rule or regulation applicable to a particular profession, all of the ultimate beneficial owners of...
• Section 2924 - Rendering Professional Services
  (a) General rule.--A professional corporation may lawfully render professional services only through officers, employees or agents who are licensed persons. The corporation may employ...
• Section 2925 - Professional Relationship Retained
  (a) General rule.--This subpart shall not affect the law of this Commonwealth applicable to the professional relationship and the contract, tort and other legal...

Last modified: October 8, 2016