N.J.S.A. 14A:17-11 — Disqualification to render service

14A:17-11. Disqualification to render service 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. L.1969, c. 232, s. 11, eff. Dec. 16, 1969.

This is the verbatim text of N.J.S.A. 14A:17-11, retrieved from the New Jersey Legislature's public statute corpus. Statutes are amended periodically — for the most current version, check the external source link above. Kyzer is not a law firm and this page is not legal advice.