§ 844. Responsibility for professional services
(a) An obligation of a professional corporation, whether arising in contract, tort, or otherwise, is solely the obligation of the professional corporation.
(b) Except as otherwise provided by statute, if a domestic or foreign professional corporation is liable under subsection (a) of this section, every shareholder of the corporation is liable to the same extent as if he or she were a partner in a limited liability partnership pursuant to subsection 3226(c) of this title. (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