Vermont Statutes Title 11 Sec. 824
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Terms Used In Vermont Statutes Title 11 Sec. 824
- 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.
- real estate: shall include lands, tenements, and hereditaments and all rights thereto and interests therein, and pews or slips in places of public worship shall be treated as real estate. See
§ 824. Prohibited activities
(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) of this section does not prohibit a professional corporation from investing its funds in real estate, mortgages, securities, or any other type of investment. (Added 2001, No. 77 (Adj. Sess.), § 1.)