496C.4 - PURPOSES AND POWERS.

        496C.4  PURPOSES AND POWERS.         A professional corporation shall be organized only for the purpose      of engaging in the practice of one specific profession, or two or      more specific professions which could lawfully be practiced in      combination by a licensed individual or a partnership of licensed      individuals, and for the additional purpose of doing all lawful      things which may be incidental to or necessary or convenient in      connection with the practice of the profession or professions.  The      articles of incorporation shall state in substance that the purposes      for which the corporation is organized are to engage in the general      practice of a specified profession or professions, or one or more      specified branches or divisions thereof, and to do all lawful things      which may be incidental to or necessary or convenient in connection      with the practice of the profession or professions.  Each      professional corporation, unless otherwise provided in its articles      of incorporation or unless expressly prohibited by this chapter,      shall have all powers granted to corporations by the Iowa business      corporation Act, chapter 490.  
         Section History: Early Form
         [C71, 73, 75, 77, 79, 81, § 496C.4] 
         Section History: Recent Form
         2001 Acts, ch 24, §64