Section 16. (a) Except as provided in section fourteen, a professional corporation may merge or consolidate with another corporation, domestic or foreign, only if every shareholder of each corporation is a qualified person with respect to the surviving or resulting corporation.
(b) Upon the merger or consolidation of a professional corporation, if the surviving or resulting corporation is to render professional services in the commonwealth, it shall comply with the provisions of this chapter.
Structure Massachusetts General Laws
Part I - Administration of the Government
Chapter 156a - Professional Corporations
Section 3 - Professional Services Provided
Section 4 - Applicable Provisions; Powers and Duties
Section 5 - Rendition of Professional Services; Construction of Chapter
Section 6 - Shareholder Liability; Professional Relationship; Privileged Communications
Section 7 - Organization; Content of Articles of Organization
Section 9 - Licensing of Directors and Officers
Section 10 - Issue or Transfer of Shares, or Rights or Options to Purchase
Section 11 - Proxies; Voting Trusts
Section 12 - Purchase or Redemption of Shares by Corporation; Contingencies; Time
Section 13 - Liquidation, Dissolution or Merger of Corporation
Section 14 - Merger Into or Consolidation With Business Corporation
Section 16 - Merger or Consolidation With Another Corporation
Section 17 - Foreign Professional Corporations; Registration