Section 10-4-383 Purposes for which professional corporations may be organized. - Alabama Statutes

Section 10-4-383

Purposes for which professional corporations may be organized.

Domestic professional corporations may be organized under this article only for the purpose of rendering professional services and services ancillary thereto within a single profession, except that, the same professional corporation or not-for-profit professional corporation may render both medical and dental services, provided that in the case of a professional corporation, at least one shareholder of such professional corporation is a duly licensed medical professional and at least one shareholder is a duly licensed dental professional at the time both services are rendered, and each shareholder is a duly licensed medical or dental professional, or, in the case of a not-for-profit professional corporation, all of the professional services rendered by such corporation are rendered by duly licensed medical professionals and duly licensed dental professionals.

(Acts 1983, No. 83-514, p. 763, §4; Acts 1988, 1st Ex. Sess., No. 88-905, p. 474, §1.)