2012 Delaware Code
Title 8 - Corporations
CHAPTER 6. PROFESSIONAL SERVICE CORPORATIONS
§ 611. Disqualification of officer, shareholder, agent or employee.
If any officer, employee, agent or shareholder of a corporation, organized under this chapter, becomes legally disqualified to render such professional services within this State, or either:
(1) Is elected to a public office that; or
(2) Accepts employment that, pursuant to existing law, places restrictions or limitations upon such person's continued rendering of such professional services.
Such person shall sever all employment with, and financial interests in, the corporation, forthwith. A corporation's failure to require compliance with this provision shall constitute a ground for the forfeiture of its charter and its dissolution. When a corporation's failure to comply with this provision is brought to the attention of the office of the Secretary of State, the Secretary of State shall forthwith certify that fact to the Attorney General for appropriate action to dissolve the corporation.
8 Del. C. 1953, § 611; 57 Del. Laws, c. 127; 64 Del. Laws, c. 112, § 70; 71 Del. Laws, c. 339, § 111.;
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