2010 Georgia Code
O.C.G.A. 14-10-5 (2010)
TITLE 14 - CORPORATIONS, PARTNERSHIPS, AND ASSOCIATIONS
CHAPTER 10 - PROFESSIONAL ASSOCIATIONS
§ 14-10-5 - Business other than rendering professional service prohibited; investments and ownership of property
14-10-5. Business other than rendering professional service prohibited; investments and ownership of property
A professional association may be organized only for the purpose of rendering one specific kind of professional service and shall not engage in any business other than rendering the professional service for which it was organized. However, it may invest its funds in real estate, mortgages, stocks, bonds, or any other type of investment and may own real or personal property necessary or appropriate for rendering its professional service.
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