Page:United States Statutes at Large Volume 85.djvu/608

 578

PUBLIC LAW 92-180-DEC. 10, 1971

[85 STAT.

INCORPORATION

l^^^*^>i^5* D. C. Code 29-

901.

SEC. 6. One or more natural persons may incorporate a professional corporation by delivering articles of incorporation in duplicate originals to the Commissioner. The articles of incorporation shall meet the requirements of the District of Columbia Business Corporation Act i

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nnd. m addition, shall set forth— (a) the designation of the professional services to be rendered through the corporation; (b) the names and addresses, including street and number, if any, of the original shareholders of the corporation; and (c) a statement that each of the original shareholders and directors named in the articles of incorporation is licensed to render a professional service for which the corporation is to be organized. N U M B E R OF DIRECTORS

SEC. 7. A professional corporation shall have one or more directors, without regard to the number of shareholders. Q U A L I F I C A T I O N S OF SHAREHOLDER, DIRECTOR, A N D OFFICER

"Officer.*

SEC. 8. No person shall be a shareholder, director, or officer of a professional corporation or render professional services on its behalf unless he is an individual licensed to render a professional service for which the corporation is organized, except that if a professional corporation has only one shareholder, the secretary of the corporation need not be licensed to perform (and may not perform if not so licensed) such professional services. As used in this section, the term "officer" shall mean chairman of the board, president, vice president, treasurer, and secretary. Nothing in this Act shall require a shareholder or incorporator of a professional corporation to have a present or future employment relationship with the corporation or actively to participate in any capacity in the prodviction of income of, or performance of professional service by, such corporation. CORPORATE NAME

SEC. 9. The corporate name shall contain the words "professional corporation", or the abbreviation "P.C.", or the word "chartered", and shall not contain the word "company", "incorporated", "corporation", or "limited", or an abbreviation of one of such words. A professional corporation shall render professional services and exercise its authorized powers under its corporate name. PROXY

SEC. 10. No shareholder of a professional corporation shall enter into a voting trust, proxy, or any other arrangement vesting another person (other than another shareholder of the same corporation) with the authority to exercise the voting power of any or all of his shares, and any such noting trust, proxy, or other arrangement shall be void. PROFESSIONAL RELATIONSHIP; LIABILITIES

SEC. 11. (a) The provisions of this Act shall not be construed to alter or affect the professional relationship between an individual furnishing professional services and an individual receiving such serv-

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