Chapter 55B Professional Corporation Act
- § 55B-1 Title
This Chapter may be cited as "The Professional Corporation Act." (1969, c. 718, s. 1.)
- § 55B-2 Definitions
As used in this Chapter, the following words shall, unless the context requires otherwise, have the following meanings: (1) "Disqualified person" means a licensed person...
- § 55B-3 North Carolina Business Corporation Act applicable; other applicable law
(a) Chapter 55 of the General Statutes, the North Carolina Business Corporation Act, applies to professional corporations, including their organization, and professional corporations shall enjoy...
- § 55B-4 Formation of corporation
A professional corporation under this Chapter may be formed pursuant to the provisions of Chapter 55, the North Carolina Business Corporation Act, with the following...
- § 55B-5 Corporate name
The corporate name used by professional corporations under this Chapter, except as limited by the licensing acts of the respective professions, shall be governed by...
- § 55B-6 Capital stock
(a) Except as provided in subsections (a1) and (b) of this section, a professional corporation may issue shares of its capital stock only to a...
- § 55B-7 Death or disqualification of a stockholder or employee
(a) If any officer, shareholder, agent or employee of a corporation organized under this Chapter who is a licensee becomes legally disqualified to render professional...
- § 55B-8 Rendition of professional services
A professional service corporation may render professional services only through its officers, employees and agents who are duly licensed to render such professional services; provided,...
- § 55B-9 Professional relationship and liability
(a) Relationship. Nothing in this Chapter shall be interpreted to abolish, modify, restrict, limit or alter the law in this State applicable to the professional...
- § 55B-10 Registration with licensing board
No professional corporation shall open, operate, or maintain an establishment for any of the purposes set forth in this Chapter without first having obtained a...
- § 55B-11 Renewal of certificate of registration
Upon written application of the holder, accompanied by a fee not to exceed the sum of twenty‑five dollars ($25.00), the licensing board shall renew the...
- § 55B-12 Application of regulations of licensing boards
A professional corporation shall be subject to the applicable rules and regulations adopted by, and all the disciplinary powers of, the licensing board as herein...
- § 55B-13 Suspension or revocation of certificate of registration
A licensing board may suspend or revoke a certificate of registration issued by it to a domestic or foreign professional corporation for any of the...
- § 55B-14 Types of professional services
(a) A professional corporation shall render only one specific type professional service, and such services as may be ancillary thereto, and shall not engage in...
- § 55B-15 Applicability of Chapter
(a) This Chapter shall not apply to the following: (1) A corporation which prior to June 5, 1969, was permitted by law to render professional...
- § 55B-16 Foreign professional corporations
(a) A foreign professional corporation may apply for a certificate of authority to transact business in this State pursuant to the provisions of this Chapter...
