Shares or units of ownership in a professional association shall be transferable to persons licensed to perform the same type of professional service as that for which the professional association was formed.
805 ILCS 305/9
Shares or units of ownership in a professional association shall be transferable to persons licensed to perform the same type of professional service as that for which the professional association was formed
Known as the Professional Association Act
The act spans §§ 805-305-0-01 to 805-305-9 (12 sections).
Laws 1961, p. 3061.
Official source: Illinois General Assembly. Reproduced from public-domain Illinois statutes; confirm against the official source for the current text. Not legal advice.