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Me. Rev. Stat. tit. 13, § 735

Prohibited activities

Known as the Maine Professional Service Corporation Act

The act spans §§ 721 to 772 (24 sections).

PL 2001, c. 640, §B2 (NEW)

1. Limited activities. A professional corporation may not render any professional service or engage in any business or service other than the professional service and business authorized by its articles of incorporation and services or businesses reasonably related thereto.

2. Investments. Nothing in subsection 1 prohibits a professional corporation from investing its funds in real estate, mortgages, securities or any other type of investment.

Official source: Maine Legislature. Reproduced from public-domain Maine statutes; confirm against the official source for the current text. Not legal advice.