Mergers or consolidations.

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A professional corporation shall consolidate or merge only with another domestic professional corporation organized to render the same specific professional service.

History: 1953 Comp., § 51-22-13, enacted by Laws 1963, ch. 16, § 13; 1969, ch. 245, § 7.

ANNOTATIONS

Severability. — Laws 1963, ch. 16, § 14, provided for the severability of the act if any part or application thereof is held invalid.

Am. Jur. 2d, A.L.R. and C.J.S. references. — 19 Am. Jur. 2d Corporations §§ 2503, 2507, 2509 to 2512, 2514, 2608 to 2615, 2618, 2621, 2623 to 2630.

Propriety, under state statutes or bar association or court rules, of formation of multistate law partnership or professional service corporation, 6 A.L.R.4th 1251.

19 C.J.S. Corporations §§ 792 to 810.


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