79-10-91 - Authority to transact business.

§ 79-10-91. Authority to transact business.
 

(1)  A foreign professional corporation may not transact business in this state until it obtains a certificate of authority from the Secretary of State. 

(2)  A foreign professional corporation may not obtain a certificate of authority unless: 

(a) Its corporate name satisfies the requirements of Section 79-10-21; 

(b) It is incorporated for one or more of the purposes described in Section 79-10-13; and 

(c) All of its shareholders would be qualified persons if the foreign professional corporation were a domestic professional corporation. 
 

Sources: Laws,  1995, ch. 494, § 25, eff from and after July 1, 1995.