District of Columbia Statutes
§ 29-516 — Perpetual duration; dissolution.
District of Columbia·Title 29 Business Organizations. [Enacted title]·Ch. 5 Professional Corporations.
(a)A professional corporation shall have perpetual duration, except that whenever all shareholders of a professional corporation cease at any time for any reason to be licensed to perform the professional services for which the corporation was organized, the professional corporation shall be treated as having converted into a corporation organized under Chapter 3 of this title .
(b)Articles of conversion shall be delivered to the Mayor for filing and meet the requirements of § 29-204.05 .
(c)Dissolution by a professional corporation shall meet the requirements of § 29-312.03 .
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Related
National Confederation of American Ethnic Groups v. Genys
457 A.2d 395 (District of Columbia Court of Appeals, 1983)
Legislative History
July 2, 2011, D.C. Law 18-378, § 2, 58 DCR 1720; Mar. 5, 2013, D.C. Law 19-210, § 2(e)(2), 59 DCR 13171
Nearby Sections
15
§ 29-1001.01
Short title.§ 29-1001.02
Definitions.§ 29-1001.03
Nature of limited cooperative association.§ 29-1001.05
Powers.§ 29-1001.06
Governing law.§ 29-1001.07
Requirements of other laws.§ 29-1001.09
Effect of organic rules.§ 29-1001.10
Required information.§ 29-1001.12
Dual capacity.