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  • SECTION 1505
    Professional relationships and liabilities
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  • ARTICLE 15
    Professional Service Corporations
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  • SECTION 1507
    Issuance of shares
    • This entry was published on 2014-09-22
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    SECTION 1506

    Purposes of incorporation

    Business Corporation (BSC) CHAPTER 4, ARTICLE 15

    § 1506. Purposes of incorporation.

    No professional service corporation or design professional service
    corporation shall engage in any business other than the rendering of the
    professional services for which it was incorporated; provided that such
    corporation may invest its funds in real estate, mortgages, stocks,
    bonds or any other type of investments.