Section 10-10-13 Withdrawal of members and employees becoming disqualified to practice; proceedings to dissolve noncomplying association.
Section 10-10-13
Withdrawal of members and employees becoming disqualified to practice; proceedings to dissolve noncomplying association.
If any member, shareholder, agent, or employee of a professional association becomes legally disqualified to render a professional service within the state or accepts employment or is elected to a public office that, pursuant to existing law, is a restriction or limitation upon rendering of professional service, he shall sever all employment with, or financial interest in, such professional association forthwith. A professional association's failure to comply or require compliance with this section shall be a ground for the forfeiture of its right to render professional service as a professional association pursuant to the provisions of this chapter. When a professional association's failure to comply with this section is brought to the attention of the Secretary of State, the Secretary of State shall certify that fact to the Attorney General for appropriate action to dissolve the professional association.
(Acts 1961, No. 865, p. 1349, §10.)