(a) General rule.--This chapter applies to every professional association subject to Chapter 93 (relating to professional associations) that elects to accept the provisions of this chapter in the manner set forth in subsection (b).
(b) Procedure for election.--A professional association may elect to accept this chapter by filing in the Department of State a statement of election of professional corporation status which shall be executed by all of the associates of the professional association and shall set forth:
(1) The name of the professional association and, subject to section 109 (relating to name of commercial registered office provider in lieu of registered address), the address, including street and number, if any, of its proposed registered office.
(2) The name of the county in the office of the prothonotary of which the initial articles of association of the association were filed.
(3) A statement that the associates of the professional association have elected to accept the provisions of this chapter for the government and regulation of the affairs of the association.
See section 134 (relating to docketing statement).
(c) Date of incorporation.--This chapter shall become applicable to the professional association, and it shall be deemed incorporated, on the date the statement of election is filed in the department.
Cross References. Section 2905 is referred to in section 9302 of this title.
Structure Pennsylvania Consolidated & Unconsolidated Statutes
Pennsylvania Consolidated & Unconsolidated Statutes
Title 15 - CORPORATIONS AND UNINCORPORATED ASSOCIATIONS
Chapter 29 - Professional Corporations
Section 2901 - Application and effect of chapter
Section 2902 - Definitions and index of definitions
Section 2903 - Formation of professional corporations
Section 2904 - Election of an existing business corporation to become a professional corporation
Section 2905 - Election of professional associations to become professional corporations
Section 2906 - Termination of professional corporation status
Section 2907 - Proceedings to terminate breach of qualifying conditions
Section 2922 - Stated purposes
Section 2923 - Issuance and retention of shares