Vermont Statutes Title 11 Sec. 860
Terms Used In Vermont Statutes Title 11 Sec. 860
- 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.
- State: when applied to the different parts of the United States may apply to the District of Columbia and any territory and the Commonwealth of Puerto Rico. See
§ 860. Authority to transact business
(a) A foreign professional corporation may not transact business in this State until it obtains a certificate of authority from the Secretary of State.
(b) A foreign professional corporation may not obtain a certificate of authority, unless:
(1) its corporate name satisfies the requirements of section 825 of this title;
(2) it is incorporated for one or more of the purposes described in section 821 of this title; and
(3) all of its shareholders, not less than one-half of its directors, and all of its officers, other than its secretary and treasurer (if any), are licensed in one or more states to render a professional service described in its articles of incorporation, except as provided in section 881 of this title. (Added 2001, No. 77 (Adj. Sess.), § 1.)