10-2241. Termination of professional corporation status

A. If a professional corporation ceases to render professional services or otherwise elects to terminate its professional corporation status, it shall amend its articles of incorporation to:

1. Delete references to rendering professional services, unless as described in section 10-2213 the services may be rendered in the business corporation form.

2. Delete references to it being a professional corporation.

3. Conform its corporation name to the requirements of section 10-401.

B. After the amendment becomes effective, the corporation may continue in existence as a business corporation under chapters 1 through 17 of this title and it is no longer subject to this chapter.