496C.4 Purposes and powers.
1. A professional corporation shall be organized only for the purpose of engaging in the practice of one specific profession, or two or more specific professions which could lawfully be practiced in combination by a licensed individual or a partnership of licensed individuals, and for the additional purpose of doing all lawful things which may be incidental to or necessary or convenient in connection with the practice of the profession or professions. The articles of incorporation shall state in substance that the purposes for which the corporation is organized are to engage in the general practice of a specified profession or professions, or one or more specified branches or divisions thereof, and to do all lawful things which may be incidental to or necessary or convenient in connection with the practice of the profession or professions. Each professional corporation, unless otherwise provided in its articles of incorporation or unless expressly prohibited by this chapter, shall have all powers granted to corporations by the Iowa business corporation Act, chapter 490.
2. a. For purposes of this section, medicine and surgery, osteopathic medicine and surgery, and practice as a physician assistant shall be deemed to be professions which could lawfully be practiced in combination by licensed individuals or a partnership of licensed individuals.
b. Nothing in this section shall be construed to expand the scope of practice of a physician assistant or modify the requirement in section 148C.4 that a physician assistant perform medical services under the supervision of a licensed physician.
c. For purposes of this section, marital and family therapy, mental health counseling, psychology, and social work shall be deemed to be professions which could lawfully be practiced in combination by licensed individuals or a partnership of licensed individuals.
[C71, 73, 75, 77, 79, 81, §496C.4]
2001 Acts, ch 24, §64; 2010 Acts, ch 1131, §6; 2018 Acts, ch 1066, §4, 5
Referred to in §496C.7, 496C.16
Structure Iowa Code
Chapter 496C - PROFESSIONAL CORPORATIONS
Section 496C.3 - Applicability of Iowa business corporation Act.
Section 496C.4 - Purposes and powers.
Section 496C.5 - Corporate name.
Section 496C.6 - Who may incorporate.
Section 496C.7 - Practice by professional corporation.
Section 496C.8 - Professional regulation.
Section 496C.9 - Relationship and liability to persons served.
Section 496C.10 - Issuance of shares.
Section 496C.11 - Transfer of shares.
Section 496C.12 - Convertible securities — stock rights and options.
Section 496C.13 - Voting trust — proxy.
Section 496C.14 - Required purchase by professional corporation of its own shares.
Section 496C.15 - Certificates representing shares.
Section 496C.18 - Merger or consolidation.
Section 496C.19 - Dissolution or liquidation.
Section 496C.20 - Foreign professional corporation.