A member or shareholder of a professional association may sell or transfer his membership or shares in such professional association only to another individual who is duly licensed or otherwise legally authorized to render the same professional services as those for which the association was organized.
History. Ga. L. 1961, p. 404, § 14.
Structure Georgia Code
Title 14 - Corporations, Partnerships, and Associations
Chapter 10 - Professional Associations
§ 14-10-9. Continuity of Existence Independent of Status or Acts of Members
§ 14-10-14. Limitation on Sale or Transfer of Membership or Shares
§ 14-10-15. Distribution of Assets Following Dissolution
§ 14-10-16. Powers Generally; Assets Not Liable to Attachment for Debts of Members or Shareholders
§ 14-10-17. Actions by or Against Associations
§ 14-10-18. Applicability of Corporation Laws; Inapplicability of Partnership Laws