Section 10-10-6 Purposes. - Alabama Statutes

Section 10-10-6

Purposes.

A professional association may be organized only for the purpose of rendering one specific kind of professional service and shall not engage in any business other than rendering the professional service for which it was organized. However, it may invest its funds in real estate, mortgages, stocks, bonds or any other type of investment and may own real or personal property necessary or appropriate for rendering professional service.

(Acts 1961, No. 865, p. 1349, §4.)