55B-4. Formation of corporation.
A professional corporation under this Chapter may be formed pursuant to the provisions of Chapter 55, the North Carolina Business Corporation Act, with the following limitations:
(1) At least one incorporator shall be a "licensee" as hereinabove defined in G.S. 55B-2(2).
(2) All of the shares of stock of the corporation shall be owned and held by a licensee, or licensees, as hereinabove defined in G.S. 55B-2(2), except as otherwise permitted in G.S. 55B-6.
(3) At least one director and one officer shall be a "licensee" as hereinabove defined in G.S. 55B-2(2).
(4) The articles of incorporation, in addition to the requirements of Chapter 55, shall designate the personal services to be rendered by the professional corporation and shall be accompanied by a certification by the appropriate licensing board that the ownership of the shares of stock is in compliance with the requirements of G.S. 55B-4(2) and G.S. 55B-6. (1969, c. 718, s. 4; 1977, c. 855, s. 1; 1989 (Reg. Sess., 1990), c. 1024, s. 3; 1991, c. 205, s. 2; 1995, c. 351, s. 15.)
Structure North Carolina General Statutes
North Carolina General Statutes
Chapter 55B - Professional Corporation Act
§ 55B-3 - North Carolina Business Corporation Act applicable; other applicable law.
§ 55B-4 - Formation of corporation.
§ 55B-7 - Death or disqualification of a stockholder or employee.
§ 55B-8 - Rendition of professional services.
§ 55B-9 - Professional relationship and liability.
§ 55B-10 - Registration with licensing board.
§ 55B-11 - Renewal of certificate of registration.
§ 55B-12 - Application of regulations of licensing boards.
§ 55B-13 - Suspension or revocation of certificate of registration.
§ 55B-14 - Types of professional services.