Bill Summaries: S254 (2011-2012 Session)

Tracking:
  • Bill S 254 (2011-2012)
    Summary date: Mar 8 2011 - View summary

    Enacts new subsection (a2) to GS 55B-6 to allow any person to own up to 49% of the stock of a professional corporation providing legal services under GS Chapter 84 (regulating attorneys), provided five enumerated criteria are met, including the requirement that licensees own and control voting stock representing at least 51% of the votes entitled to be cast in the director election for the professional corporation. Makes other technical and conforming changes. Effective October 1, 2011.
    Corporation and Partnerships
    GS 55B

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