A shareholder of a professional association may sell or transfer that shareholder’s shares in the association only to another individual who is duly licensed, certificated, or otherwise legally authorized to render within this state the same professional service as that for which the association was organized or, in the case of a combination of professional services described in division (B) of section 1785.01 of the Revised Code, to render in this state any of the applicable types of professional services for which the association was organized.

Terms Used In Ohio Code 1785.07

  • Another: when used to designate the owner of property which is the subject of an offense, includes not only natural persons but also every other owner of property. See Ohio Code 1.02
  • Professional association: means an association organized under this chapter for the sole purpose of rendering one of the professional services authorized under Chapter 4701. See Ohio Code 1785.01
  • Professional service: means any type of professional service that may be performed only pursuant to a license, certificate, or other legal authorization issued pursuant to Chapter 4701. See Ohio Code 1785.01
  • state: means the state of Ohio. See Ohio Code 1.59

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