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ND SB2152
Bill
Status
4/24/2013
Primary Sponsor
Margaret Sitte
Click for details
AI Summary
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Prohibits an individual from simultaneously serving as an executive or owner of more than one professional organization that renders the same professional service.
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Allows a single-shareholder professional corporation to have only one director who must be the shareholder and serve as president and treasurer; other officers do not need to be licensed in the same field as the president.
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Bars retired individuals from continuing as executives or owners of professional organizations.
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Imposes a $1,000 fee collected by the Secretary of State for articles of incorporation, articles of organization, or articles of amendment for organizations with ownership that renders more than one professional service; this fee is in addition to standard filing fees.
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Requires fees collected under this provision to be deposited into the Secretary of State's general services operating fund.
Legislative Description
Ownership of professional organizations.
Last Action
Signed by Governor 04/24
4/24/2013