If a professional corporation ceases to render professional services, it must amend its articles of incorporation to delete references to rendering professional services and to conform its corporate name to the requirements of Title 13-C, section 401. After the amendment becomes effective, the corporation may continue in existence as a business corporation under Title 13-C and the corporation is no longer subject to this Act.
Me. Rev. Stat. tit. 13, § 762
Termination of professional activities
Known as the Maine Professional Service Corporation Act
The act spans §§ 721 to 772 (24 sections).
PL 2001, c. 640, §B2 (NEW)
Official source: Maine Legislature. Reproduced from public-domain Maine statutes; confirm against the official source for the current text. Not legal advice.