No professional service corporation or design professional service
corporation shall engage in any business other than the rendering of the
professional services for which it was incorporated; provided that such
corporation may invest its funds in real estate, mortgages, stocks,
bonds or any other type of investments.
Structure New York Laws
Article 15 - Professional Service Corporations
1502 - Corporations Organized Under Other Provisions of Law.
1504 - Rendering of Professional Service.
1505 - Professional Relationships and Liabilities.
1506 - Purposes of Incorporation.
1508 - Directors and Officers.
1509 - Disqualification of Shareholders, Directors, Officers and Employees.
1510 - Death or Disqualification of Shareholders.
1513 - Business Corporation Law Applicable.
1515 - Regulation of Professions.
1516 - Corporate Mergers, Consolidations and Other Reorganizations.