14A:17-11 - Disqualification to render service - New Jersey Statutes

14A:17-11.  Disqualification to render service    If any officer, shareholder, agent or employee of a professional corporation  becomes legally disqualified to render the same professional service as that  for which the corporation was organized, he shall forthwith sever all  employment with such corporation and shall not, directly or indirectly,  participate or share, as a shareholder, in any earnings or profits realized by  such corporation on account of professional services rendered on or after the  effective date of such disqualification.

     L.1969, c. 232, s. 11, eff. Dec. 16, 1969.