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Current as of January 01, 2024 | Updated by Findlaw Staff
If any officer, shareholder, agent or employee of a professional corporation becomes legally disqualified to render the same professional service as that for which the corporation was organized, he shall forthwith sever all employment with such corporation and shall not, directly or indirectly, participate or share, as a shareholder, in any earnings or profits realized by such corporation on account of professional services rendered on or after the effective date of such disqualification.
Cite this article: FindLaw.com - New Jersey Statutes Title 14A. Corporations, General 14A § 17-11 - last updated January 01, 2024 | https://codes.findlaw.com/nj/title-14a-corporations-general/nj-st-sect-14a-17-11/
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