Professional Corporations

ORS 58.037
Application to joint and several liability of shareholders of corporation organized under ORS chapter 60 for purpose of rendering professional services

  • exemption
  • application to architects


(1)

Notwithstanding any provision of ORS chapter 60 or ORS 58.035 (Application to persons licensed to render professional services), this chapter shall apply to a corporation, and to the joint and several liability of the shareholders of a corporation, organized by a professional under ORS chapter 60 for the purpose of rendering professional service or services unless, prior to December 1, 1992:

(a)

The professional’s regulating board authorized incorporation under ORS chapter 60; and

(b)

The corporation was incorporated under ORS chapter 60.

(2)

Notwithstanding subsection (1) of this section, architects registered under ORS 671.010 (Definitions for ORS 671.010 to 671.220) to 671.220 (Civil penalties) may organize as corporations under ORS chapter 60 or this chapter and shall be subject solely to the provisions of the chapter under which they are organized. [1993 c.235 §11; 1995 c.327 §3; 1997 c.774 §2; 2013 c.196 §17]
Chapter 58

Notes of Decisions

Professional legal corporation organized under this chapter may not serve as trustee. Erwin & Erwin v. Bronson, 117 Or App 443, 844 P2d 269 (1992), Sup Ct review denied

Atty. Gen. Opinions

This chapter as authorizing partnership of corporation and individual; validity of partnership between a professional corporation and an individual when corporation charter so provides, (1972) Vol 36, p 94

Law Review Citations

24 WLR 717 (1988)


Source

Last accessed
Jun. 26, 2021