South Carolina Code 33-19-140. Prohibited activities
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(a) A professional corporation may not render any professional service or engage in any business other than the professional service and business authorized by its articles of incorporation.
(b) Subsection (a) does not prohibit a professional corporation from investing its funds in real estate, mortgages, securities, or any other type of investment.
Terms Used In South Carolina Code 33-19-140
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.