2018 Missouri Revised Statutes
Title XXIII - Corporations, Associations and Partnerships
Chapter 356 - Professional Corporations
Section 356.061 Powers.
Effective 28 Aug 1986
Title XXIII CORPORATIONS, ASSOCIATIONS AND PARTNERSHIPS
Chapter 356356.061. Powers. — 1. A professional corporation shall have the powers enumerated in the general business and corporation law of Missouri, chapter 351; except that, a professional corporation may:
(1) Invest its funds in real estate, mortgages, stocks, bonds or any other type of investment, but only so long as that investment does not violate or is not inconsistent with subsection 2 of this section; and
(2) Be a promoter, general partner, stockholder, member, associate or manager only of a partnership, joint venture, professional corporation, foreign professional corporation, trust or other enterprise that is engaged only in:
(a) Rendering a professional service that is authorized to practice under its articles of incorporation; or
(b) Carrying on business permitted by the articles of incorporation of the professional corporation or in providing services ancillary thereto.
2. A professional corporation shall not engage in any profession or business other than the professions or businesses permitted by its articles of incorporation.
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(L. 1986 H.B. 1230)
