North Carolina Statutes

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...