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2012 Vermont Statutes
Title 11 Corporations, Partnerships and Associations
Chapter 4 PROFESSIONAL CORPORATIONS
§ 824 Prohibited activities


11 V.S.A. § 824. What's This?

§ 824. Prohibited activities

(a) A professional corporation may not render any professional service or engage in any business other than the professional service and business authorized by its articles of incorporation.

(b) Subsection (a) of this section does not prohibit a professional corporation from investing its funds in real estate, mortgages, securities or any other type of investment. (Added 2001, No. 77 (Adj. Sess.), § 1.)

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