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ND SB2152

Bill

Status

Passed

4/24/2013

Primary Sponsor

Margaret Sitte

Click for details

Origin

Senate

63rd Legislative Assembly

AI Summary

  • Prohibits an individual from simultaneously serving as an executive or owner of more than one professional organization that renders the same professional service.

  • 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.

  • Bars retired individuals from continuing as executives or owners of professional organizations.

  • 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.

  • 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

Committee Referrals

Appropriations3/14/2013
Industry, Business, and Labor2/15/2013
Appropriations1/29/2013
Industry, Business, and Labor1/14/2013

Full Bill Text

No bill text available