Whenever all shareholders of a professional corporation cease at any time, and for any reason, to be licensed, certified or registered in the particular professional service or at least 1 of the qualified related professional services for which such professional corporation was organized, the professional corporation shall thereupon be treated as converted into and shall operate henceforth solely as a business corporation under applicable provisions of Chapter 1 of this title, exclusive of this chapter.
Structure Delaware Code
Chapter 6. PROFESSIONAL SERVICE CORPORATIONS
§ 605. Authority to organize; law governing.
§ 606. Number of directors; officers.
§ 607. Rendition of professional services through licensed officers, employees and agents.
§ 609. Engaging in other business prohibited.
§ 611. Disqualification of officer, shareholder, agent or employee.
§ 612. Sale or transfer of shares.
§ 614. Perpetual corporate existence.
§ 615. Conversion into business corporation.
§ 616. Time for transfer of shares upon death or disqualification.