§860. Authority to transact business

Link to law: http://legislature.vermont.gov/statutes/section/11/004/00860
Published: 2015

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Title

11

:
Corporations, Partnerships and Associations






Chapter

004

:
PROFESSIONAL CORPORATIONS






Subchapter

006
:
FOREIGN PROFESSIONAL CORPORATIONS










 

§

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.)
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