Section 16: Merger or consolidation with another corporation
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/ma/part-i/title-xxii/chapter-156a/16·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Section 16.
(a)Except as provided in section fourteen, a professional corporation may merge or consolidate with another corporation, domestic or foreign, only if every shareholder of each corporation is a qualified person with respect to the surviving or resulting corporation.
(b)Upon the merger or consolidation of a professional corporation, if the surviving or resulting corporation is to render professional services in the commonwealth, it shall comply with the provisions of this chapter.