Authority to transact business

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  1. A foreign professional corporation may not transact business in this state until it obtains a certificate of authority from the Secretary of State.
  2. A foreign professional corporation may not obtain a certificate of authority unless:
    1. Its corporate name satisfies the requirements of Section 79-10-21;
    2. It is incorporated for one or more of the purposes described in Section 79-10-13; and
    3. All of its shareholders would be qualified persons if the foreign professional corporation were a domestic professional corporation.


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