Section 5-102 - Single or multiple professions; corporate form. - Maryland Statutes

§ 5-102. Single or multiple professions; corporate form.
 

(a)  Single profession; organization under other corporate form.-  

(1) Except as permitted under subsection (b) of this section, a corporation may be a professional corporation under § 5-112 of this subtitle solely for the purpose of rendering professional services within a single profession. 

(2) Except as provided in paragraph (3) of this subsection, a corporation that is eligible to be a professional corporation under this subtitle may not organize under any other corporate form permitted by this article. 

(3) Paragraph (2) of this subsection does not apply to professional services rendered by: 

(i) An architect; 

(ii) A professional engineer; 

(iii) A licensed real estate broker, licensed real estate salesperson, or licensed associate real estate broker; or 

(iv) A veterinarian. 

(b)  Two or more professions.- A corporation may be a professional corporation under § 5-112 of this subtitle for the purpose of rendering the same, similar, or related professional services within 2 or more professions. 
 

[1993, ch. 413, § 2; 2009, ch. 88.]