A professional corporation may not engage in business; however, it may own real and personal property necessary for or appropriate in rendering its own professional services and may invest its funds in all types of investments.
Structure Alaska Statutes
Title 10. Corporations and Associations
Chapter 45. Professional Corporation Act
Sec. 10.45.010. Incorporation.
Sec. 10.45.020. Rendering professional service and charging fees.
Sec. 10.45.030. Who may render professional service.
Sec. 10.45.040. Prohibition against engaging in business; property and investments.
Sec. 10.45.050. Issuance of shares.
Sec. 10.45.060. Qualifications of director, officer, or shareholder.
Sec. 10.45.070. Management by directors; authority of officers and shareholders.
Sec. 10.45.080. Transfer of shares.
Sec. 10.45.090. Voting by proxy.
Sec. 10.45.100. Voting trust prohibited.
Sec. 10.45.110. Holding stock, merging or consolidating with another professional corporation.
Sec. 10.45.120. Corporate name.
Sec. 10.45.130. Change or alteration of corporate name.
Sec. 10.45.133. Continuity of life.
Sec. 10.45.136. No shareholder power to dissolve.
Sec. 10.45.140. Professional relationship and liabilities.
Sec. 10.45.180. Authority and duty of regulatory boards not limited.
Sec. 10.45.190. Professional acts limited.
Sec. 10.45.200. Legal disqualification of corporate personnel.
Sec. 10.45.210. Disposal of shares of legally disqualified shareholder.
Sec. 10.45.220. Shares of deceased shareholder.
Sec. 10.45.230. Determination of value of shares.
Sec. 10.45.240. Applicability of Alaska Corporations Code and Alaska Entity Transactions Act.