RCW 18.100.080
Engaging in other business prohibited—Investments.
No professional service corporation organized under this chapter shall engage in any business other than the rendering of the professional services for which it was incorporated or service as a trustee as authorized by RCW 11.36.021 or as a personal representative as authorized by RCW 11.36.010: PROVIDED, That nothing in this chapter or in any other provisions of existing law applicable to corporations shall be interpreted to prohibit such corporation from investing its funds in real estate, personal property, mortgages, stocks, bonds, insurance, or any other type of investments.
[ 1984 c 149 § 170; 1969 c 122 § 8.]
NOTES:
Severability—Effective dates—1984 c 149: See notes following RCW 11.02.005.
Structure Revised Code of Washington
Title 18 - Businesses and Professions
Chapter 18.100 - Professional Service Corporations.
18.100.010 - Legislative intent.
18.100.040 - Application of chapter to previously organized corporations.
18.100.060 - Rendering of services by authorized individuals.
18.100.065 - Authority of directors, officers to render same services as corporation.
18.100.070 - Professional relationships and liabilities preserved.
18.100.080 - Engaging in other business prohibited—Investments.
18.100.095 - Validity of share voting agreements.
18.100.110 - Sale or transfer of shares.
18.100.114 - Merger or consolidation.
18.100.116 - Death of shareholder, transfer to ineligible person—Treatment of shares.
18.100.120 - Name—Listing of shareholders.
18.100.130 - Application of Business Corporation Act and Nonprofit Corporation Act.
18.100.132 - Nonprofit professional service corporations formed under prior law.
18.100.133 - Business corporations, election of this chapter.
18.100.134 - Professional services—Deletion from stated purposes of corporation.
18.100.140 - Improper conduct not authorized.
18.100.145 - Doctor of osteopathic medicine and surgery—Discrimination prohibited.