950 CMR, § 105.10
Current through Register 1533, October 25, 2024
Except where a professional corporation has ceased to render professional services as provided in M.G.L. c. 156A, § 14 and 950 CMR 105.09, a professional corporation may merge only with another corporation, domestic or foreign, if every shareholder of the surviving or resulting corporation is an individual licensed to render a professional service permitted by the articles of organization, a general partnership in which all of the partners are so licensed, or a professional corporation authorized to render a professional service permitted by the articles.
The provisions of M.G.L. c. 156A and the regulations contained herein will apply to all corporations which will render professional services in the Commonwealth.
950 CMR, § 105.10