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Code · Montana · Title 35 — Corporations, Partnerships, and Associations · Chapter 4 · Part 4

35-4-401. General powers.

81 words·~1 min read·/mt/title-35/chapter-4/part-4/35-4-401

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35-4-401 . General powers.
(1)A professional corporation has the powers enumerated in the Montana Business Corporation Act, except that it may be a promoter, general partner, member, associate, or manager only of a partnership, joint venture, trust, or other enterprise engaged only in rendering professional services or carrying on business permitted by the articles of incorporation of the professional corporation.
(2)A professional corporation may invest its funds in real estate, mortgages, stocks, bonds, or any other type of investment.
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