55B-9. Professional relationship and liability.
(a) Relationship. - Nothing in this Chapter shall be interpreted to abolish, modify, restrict, limit or alter the law in this State applicable to the professional relationship and liabilities between the licensee furnishing the professional services and the person receiving such professional service, or the standards of professional conduct applicable to the rendering therein of such services.
(b) Liability. - A shareholder, a director, or an officer of a professional corporation is not individually liable, directly or indirectly, including by indemnification, contribution, assessment, or otherwise, for the debts, obligations, and liabilities of, or chargeable to, the professional corporation that arise from errors, omissions, negligence, malpractice, incompetence, or malfeasance committed by another shareholder, director, or officer or by a representative of the professional corporation; provided, however, nothing in this Chapter shall affect the liability of a shareholder, director, or officer of a professional corporation for his or her own errors, omissions, negligence, malpractice, incompetence, or malfeasance committed in the rendering of professional services. (1969, c. 718, s. 9; 1993, c. 354, s. 2; 1999-362, s. 2; 2000-140, s. 101(f).)
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.