☰ Revisor of Missouri

Title XXIII CORPORATIONS, ASSOCIATIONS AND PARTNERSHIPS

Chapter 356

< > Effective - 28 Aug 1986 bottom

  356.061.  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.

­­--------

(L. 1986 H.B. 1230)


---- end of effective   28 Aug 1986 ----

use this link to bookmark section  356.061


Click here for the Reorganization Act of 1974 - or - Concurrent Resolutions Having Force & Effect of Law
In accordance with Section 3.090, the language of statutory sections enacted during a legislative session are updated and available on this website on the effective date of such enacted statutory section. Revisor Home    

Other Information
 Recent Sections Editorials May Be Cited As Tables & Forms Multiple Enact
Repeal & Transfer Definitions End Report

Site changes Pictures Contact

Other Links
Oversight MOLIS Library MO WebMasters
Senate
Missouri Senate
State of Missouri
MO.gov
House
Missouri House

@08:43:32.1 25 :)