§ 18.100.010 Legislative intent
§ 18.100.020 Short title
§ 18.100.030 Definitions
§ 18.100.040 Application of chapter to previously organized corporations
§ 18.100.050 Organization of professional service corporations authorized generally — Architects, engineers, and health care professionals — Nonprofit corporations
§ 18.100.060 Rendering of services by authorized individuals
§ 18.100.065 Authority of directors, officers to render same services as corporation
§ 18.100.070 Professional relationships and liabilities preserved
§ 18.100.080 Engaging in other business prohibited — Investments
§ 18.100.090 Stock issuance
§ 18.100.095 Validity of share voting agreements
§ 18.100.100 Legal qualification of officer, shareholder or employee to render professional service, effect
§ 18.100.110 Sale or transfer of shares
§ 18.100.114 Merger or consolidation
§ 18.100.116 Death of shareholder, transfer to ineligible person — Treatment of shares
§ 18.100.118 Eligibility of certain representatives and transferees to serve as directors, officers, or shareholders
§ 18.100.120 Name — Listing of shareholders
§ 18.100.130 Application of Business Corporation Act and Nonprofit Corporation Act
§ 18.100.132 Nonprofit professional service corporations formed under prior law
§ 18.100.133 Business corporations, election of this chapter
§ 18.100.134 Professional services — Deletion from stated purposes of corporation
§ 18.100.140 Improper conduct not authorized
§ 18.100.145 Doctor of osteopathic medicine and surgery — Discrimination prohibited
§ 18.100.160 Foreign professional corporation
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Terms Used In Washington Code > Chapter 18.100 - Professional service corporations

  • Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.
  • Annuity: A periodic (usually annual) payment of a fixed sum of money for either the life of the recipient or for a fixed number of years. A series of payments under a contract from an insurance company, a trust company, or an individual. Annuity payments are made at regular intervals over a period of more than one full year.
  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • 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.
  • eligible person: means an individual, corporation, partnership, fiduciary, qualified trust, association, government agency, or other entity, that is eligible under this chapter to own shares issued by a professional corporation. See Washington Code 18.100.030
  • Escrow: Money given to a third party to be held for payment until certain conditions are met.
  • Executor: A male person named in a will to carry out the decedent
  • Fiduciary: A trustee, executor, or administrator.
  • Guardian: A person legally empowered and charged with the duty of taking care of and managing the property of another person who because of age, intellect, or health, is incapable of managing his (her) own affairs.
  • ineligible person: means any individual, corporation, partnership, fiduciary, trust, association, government agency, or other entity which for any reason is or becomes ineligible under this chapter to own shares issued by a professional corporation. See Washington Code 18.100.030
  • Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
  • Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
  • Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
  • person: may be construed to include the United States, this state, or any state or territory, or any public or private corporation or limited liability company, as well as an individual. See Washington Code 1.16.080
  • Personal property: All property that is not real property.
  • Precedent: A court decision in an earlier case with facts and law similar to a dispute currently before a court. Precedent will ordinarily govern the decision of a later similar case, unless a party can show that it was wrongly decided or that it differed in some significant way.
  • professional corporation: means a corporation which is organized under this chapter for the purpose of rendering professional service. See Washington Code 18.100.030
  • professional service: means any type of personal service to the public which requires as a condition precedent to the rendering of such service the obtaining of a license or other legal authorization and which prior to the passage of this chapter and by reason of law could not be performed by a corporation, including, but not by way of limitation, certified public accountants, chiropractors, dentists, osteopaths, physicians, podiatric physicians and surgeons, chiropodists, architects, veterinarians and attorneys-at-law. See Washington Code 18.100.030
  • qualified trust: means one of the following:
Washington Code 18.100.030
  • Remainder: An interest in property that takes effect in the future at a specified time or after the occurrence of some event, such as the death of a life tenant.
  • Trustee: A person or institution holding and administering property in trust.