§ 55B-4. Formation of corporation. - North Carolina Statutes

§55B‑4.  Formation of corporation.

A professional corporationunder this Chapter may be formed pursuant to the provisions of Chapter 55, theNorth Carolina Business Corporation Act, with the following limitations:

(1)        At least oneincorporator shall be a "licensee" as hereinabove defined in G.S. 55B‑2(2).

(2)        All of the shares ofstock of the corporation shall be owned and held by a licensee, or licensees,as hereinabove defined in G.S. 55B‑2(2), except as otherwise permitted inG.S. 55B‑6.

(3)        At least onedirector and one officer shall be a "licensee" as hereinabove definedin G.S. 55B‑2(2).

(4)        The articles ofincorporation, in addition to the requirements of Chapter 55, shall designatethe personal services to be rendered by the professional corporation and shallbe accompanied by a certification by the appropriate licensing board that theownership of the shares of stock is in compliance with the requirements of G.S.55B‑4(2) and G.S. 55B‑6. (1969, c. 718, s. 4; 1977, c.855, s. 1; 1989 (Reg. Sess., 1990), c. 1024, s. 3; 1991, c. 205, s. 2; 1995, c.351, s. 15.)