Professional Corporations

ORS 58.076
Purposes for which professional corporation may be organized


(1)

Except to the extent authorized by subsection (2) of this section, a corporation may elect professional corporation status under ORS 58.085 (Who may incorporate) solely for the purpose of rendering professional service or services, including services ancillary to them, and solely within a single profession.

(2)

A corporation may elect professional corporation status under ORS 58.085 (Who may incorporate) for the purpose of rendering professional service or services within two or more professions, and for the purpose of engaging in any lawful business authorized by ORS 60.074 (Purposes), to the extent the combination of professional purposes or of professional and business purposes is expressly authorized by the regulatory board in this state applicable to each profession in the combination. [1993 c.235 §26]
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