Section 4: Applicable provisions; powers and duties
79 words·~1 min read·
/ma/part-i/title-xxii/chapter-156a/4·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Section 4.
(a)Chapter 156D shall apply to professional corporations and which shall enjoy the powers and privileges, and be subject to the duties, restrictions and liabilities of corporations organized under said chapter, except where inconsistent with this chapter.
(b)A professional corporation may own real and personal property necessary or appropriate for rendering the professional service it was organized to render, and may invest its funds in real estate, mortgages, stocks, bonds, or any other type of investment.