Any associate or the personal representative of his estate may transfer, in whole or in part, his interest in an association only to a transferee who is licensed or otherwise legally authorized to render the same kind of professional service which the association was organized to render. If any restrictions are imposed on the right to transfer, the restrictions shall be specifically set forth in the bylaws of the association, and reference to the restriction shall be set forth either generally or specifically on any certificates which evidence ownership in the association.
Cross References. Section 9312 is referred to in section 9318 of this title.
Structure Pennsylvania Consolidated & Unconsolidated Statutes
Pennsylvania Consolidated & Unconsolidated Statutes
Title 15 - CORPORATIONS AND UNINCORPORATED ASSOCIATIONS
Chapter 93 - Professional Associations
Section 9301 - Short title of chapter
Section 9302 - Application of chapter
Section 9304 - Purpose of association
Section 9305 - Articles of association
Section 9306 - Board of governors
Section 9310 - Distribution of excess earnings
Section 9311 - Interests of associates
Section 9312 - Transfer of interests
Section 9313 - Redemption of interests
Section 9314 - Term of existence
Section 9316 - Voting of associates
Section 9317 - Liability of associates