(1) Except to the extent authorized by subsection (2) of this section, a corporation may elect professional corporation status under ORS § 58.085 solely for the purpose of rendering professional service or services, including services ancillary to them, and solely within a single profession.

Terms Used In Oregon Statutes 58.076

  • 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.
  • Professional service: means personal service or services rendered in this state to the public which may be lawfully rendered only pursuant to a license by a professional. See Oregon Statutes 58.015
  • Regulatory board: means the governmental agency of the State of Oregon required or authorized by law to license and regulate the rendering of a professional service or services for which a professional corporation is organized. See Oregon Statutes 58.015

(2) A corporation may elect professional corporation status under ORS § 58.085 for the purpose of rendering professional service or services within two or more professions, and for the purpose of engaging in any lawful business authorized by ORS § 60.074, to the extent the combination of professional purposes or of professional and business purposes is expressly authorized by the regulatory board in this state applicable to each profession in the combination. [1993 c.235 § 26]

 

[Repealed by 1961 c.726 § 427]

 

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