Sec. 2. (a) If a professional corporation ceases to render professional services, the corporation shall:
(1) amend its articles of incorporation to delete from its stated purposes the rendering of professional services; and
(2) conform to the requirements of IC 23-1 regarding its corporate name.
(b) The corporation may then continue in existence as a corporation under IC 23-1 and is no longer subject to this article.
As added by P.L.239-1983, SEC.1.
Structure Indiana Code
Title 23. Business and Other Associations
Article 1.5. Professional Corporations
Chapter 4. Change of Corporate Form
23-1.5-4-1. Merger and Consolidation
23-1.5-4-2. Cessation of Professional Services
23-1.5-4-3. Involuntary Dissolution
23-1.5-4-4. Right of Corporation to Accept This Article
23-1.5-4-6. Articles of Acceptance; Approval by Secretary of State