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§ 806. Purpose of formation of professional entity

Oklahoma Statutes AnnotatedTitle 18. Corporations

Oklahoma Statutes Annotated
Title 18. Corporations (Refs & Annos)
Chapter 18. Professional Entity Act
18 Okl.St.Ann. § 806
§ 806. Purpose of formation of professional entity
A professional entity may be formed for the purpose of rendering one specific type of professional service or related professional services and services ancillary thereto and shall not engage in any business other than rendering the professional service or services which it was organized to render and services ancillary thereto; provided, however, that a professional entity may own real and personal property necessary or appropriate for rendering the type of professional services it was organized to render and may invest its funds in real estate, mortgages, stocks, bonds and any other type of investments.

Credits

Laws 1961, p. 205, § 6, emerg. eff. July 26, 1961; Laws 1981, c. 312, § 3; Laws 1995, c. 339, § 5, eff. Nov. 1, 1995.
18 Okl. St. Ann. § 806, OK ST T. 18 § 806
Current with emergency effective legislation through Chapter 29 of the Second Regular Session of the 59th Legislature (2024). Some sections may be more current, see credits for details.
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