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The Vermont Statutes Online
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.)