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2019 Montana Code Annotated
Title 35. Corporations, Partnerships, and Associations
Chapter 4. Montana Professional Corporation Act
Part 4. Operation
35-4-401. General powers
Universal Citation: MT Code § 35-4-401 (2019)
35-4-401. General powers. (1) A professional corporation has the powers enumerated in the Montana Business Corporation Act, except that it may be a promoter, general partner, member, associate, or manager only of a partnership, joint venture, trust, or other enterprise engaged only in rendering professional services or carrying on business permitted by the articles of incorporation of the professional corporation.
(2) A professional corporation may invest its funds in real estate, mortgages, stocks, bonds, or any other type of investment.
History: En. Sec. 8, Ch. 399, L. 1983.
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