- (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) does not prohibit a professional corporation from investing its funds in real estate, mortgages, securities, or any other type of investment.
HISTORY: Derived from 1976 Code Section 33-51-50 [1962 Code Section 56-1605; 1962 (52) 1911; Repealed, 1988 Act No. 444, Section 4(5)]; 1988 Act No. 444, Section 2.