§ 824. Prohibited activities
(a) A professional corporation may not render any professional service or engage in any business other than the professional service and business authorized by its articles of incorporation.
(b) Subsection (a) of this section does not prohibit a professional corporation from investing its funds in real estate, mortgages, securities, or any other type of investment. (Added 2001, No. 77 (Adj. Sess.), § 1.)
Structure Vermont Statutes
Title 11 - Corporations, Partnerships and Associations
Chapter 4 - Professional Corporations
§ 816. Application of Vermont Business Corporation Act
§ 820. Election of professional corporation status
§ 823. Rendering professional services
§ 831. Notice of professional corporation status on shares
§ 832. Share transfer restriction
§ 833. Compulsory acquisition of shares after death or disqualification of shareholder
§ 835. Court action to appraise shares
§ 836. Court costs and fees of experts
§ 837. Cancellation of disqualified shares
§ 842. Confidential relationship
§ 843. Privileged communications
§ 844. Responsibility for professional services
§ 851. Termination of professional activities
§ 860. Authority to transact business
§ 861. Application for certificate of authority
§ 862. Revocation of certificate of authority
§ 870. Articles of incorporation for licensing authority
§ 871. Annual report for Secretary of State
§ 872. Licensing authority’s regulatory jurisdiction
§ 873. Penalty for signing false document