§ 822 - General powers - Vermont Statutes

§ 822. General powers

(a) Except as provided in subsection (b) of this section, a professional corporation has the powers enumerated in section 3.02 of Title 11A.

(b) A professional corporation may be a promoter, general partner, member, associate, or manager of a partnership, joint venture, trust, or other entity, only if the entity is engaged solely in rendering professional service or in carrying on business authorized by the professional corporation's articles of incorporation. (Added 2001, No. 77 (Adj. Sess.), § 1.)