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Arizona Revised Statutes Title 10. Corporations and Associations § 10-2241. Termination of professional corporation status

Current as of January 01, 2025 | Updated by Findlaw Staff

A. If a professional corporation ceases to render professional services or otherwise elects to terminate its professional corporation status, it shall amend its articles of incorporation to:

1. Delete references to rendering professional services, unless as described in § 10-2213 the services may be rendered in the business corporation form.

2. Delete references to it being a professional corporation.

3. Conform its corporation name to the requirements of § 10-401.

B. After the amendment becomes effective, the corporation may continue in existence as a business corporation under chapters 1 through 17 of this title and it is no longer subject to this chapter.

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Cite this article: FindLaw.com - Arizona Revised Statutes Title 10. Corporations and Associations § 10-2241. Termination of professional corporation status - last updated January 01, 2025 | https://codes.findlaw.com/az/title-10-corporations-and-associations/az-rev-st-sect-10-2241/

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