Section 10.45.200. Legal disqualification of corporate personnel.

Latest version.

If a shareholder, director, officer, employee, or agent of a professional corporation is legally disqualified to render professional service in this state, or is elected or appointed to a public office which under law restricts or limits the rendering of professional services, that person shall sever all employment and financial interest in the professional corporation immediately.  The failure of the directors or officers to require compliance with this section is sufficient ground for the forfeiture of the corporate franchise.

Authorities

10.45.210

Notes

References

AS 10.45.210 Disposal of shares of legally disqualified shareholder.

History

(Sec. 2 ch 128 SLA 1968)

                    
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