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Arizona Arizona Revised Statutes

§ 10-2214 — Prohibited activities; authorized investments

ARS § 10-2214Title 10. Corporations and Associations · Ch. 20. PROFESSIONAL CORPORATIONS · Art. 2. Creation

Statute text

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10-2214. Prohibited activities; authorized investments A. A professional corporation may not render any professional service or engage in any business other than the professional service, including services ancillary to the professional service, and the business authorized by its articles of incorporation, except to the extent that the other service or business is incidental to or an inconsequential portion of the authorized service or business of that corporation. B. A professional corporation may invest its monies in or otherwise own real estate, mortgages, stocks, bonds, partnership interests, limited liability company memberships, securities or any other type of investment or property.

Source: Arizona Arizona Revised Statutes § 10-2214 from the Arizona Revised Statutes (Arizona State Legislature) (public record). DecisionDepot is for informational use only and is not legal advice — verify against the official source before relying on this text.