§ 860.
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/vt/title-11/chapter-4/860A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§ 860. Authority to transact business
(a)A foreign professional corporation may not transact business in this State until it obtains a certificate of authority from the Secretary of State.
(b)A foreign professional corporation may not obtain a certificate of authority, unless:
(1)its corporate name satisfies the requirements of section 825 of this title;
(2)it is incorporated for one or more of the purposes described in section 821 of this title; and
(3)all of its shareholders, not less than one-half of its directors, and all of its officers, other than its secretary and treasurer (if any), are licensed in one or more states to render a professional service described in its articles of incorporation, except as provided in section 881 of this title. (Added 2001, No. 77 (Adj. Sess.), § 1.)