Missouri Revised Statutes













Chapter 356

Professional Corporations

←356.051

Section 356.061.1

356.071→

August 28, 2015

Powers.

356.061. 1. A professional corporation shall have the powers enumerated

in the general business and corporation law of Missouri, chapter 351; except

that, a professional corporation may:



(1) Invest its funds in real estate, mortgages, stocks, bonds or any

other type of investment, but only so long as that investment does not

violate or is not inconsistent with subsection 2 of this section; and



(2) Be a promoter, general partner, stockholder, member, associate or

manager only of a partnership, joint venture, professional corporation,

foreign professional corporation, trust or other enterprise that is engaged

only in:



(a) Rendering a professional service that is authorized to practice under

its articles of incorporation; or



(b) Carrying on business permitted by the articles of incorporation of

the professional corporation or in providing services ancillary thereto.



2. A professional corporation shall not engage in any profession or

business other than the professions or businesses permitted by its articles

of incorporation.



(L. 1986 H.B. 1230)







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