10-2241 - Arizona Statutes

10-2241. Termination of professional corporation status A. If a professional corporation ceases to render professional services or otherwise elects to terminate its professional corporation status, it shall amend its articles of incorporation to: 1. Delete references to rendering professional services, unless as described in section 10-2213 the services may be rendered in the business corporation form. 2. Delete references to it being a professional corporation. 3. Conform its corporation name to the requirements of section 10-401. B. After the amendment becomes effective, the corporation may continue in existence as a business corporation under chapters 1 through 17 of this title and it is no longer subject to this chapter.