18.100.080 - Engaging in other business prohibited -- Investments. - Washington Statutes

Engaging in other business prohibited — Investments.

No professional service corporation organized under this chapter shall engage in any business other than the rendering of the professional services for which it was incorporated or service as a trustee as authorized by RCW 11.36.021 or as a personal representative as authorized by RCW 11.36.010: PROVIDED, That nothing in this chapter or in any other provisions of existing law applicable to corporations shall be interpreted to prohibit such corporation from investing its funds in real estate, personal property, mortgages, stocks, bonds, insurance, or any other type of investments.

[1984 c 149 § 170; 1969 c 122 § 8.]

Notes: Severability -- Effective dates -- 1984 c 149: See notes following RCW 11.02.005.