§ 496C.9 — Relationship and liability to persons served

Iowa § 496C.9

• Jurisdiction: Iowa
• Title XII: BUSINESS ENTITIES
• Ch. 496C: PROFESSIONAL CORPORATIONS

Text

1. This chapter does not modify any law applicable to the relationship between an
individual practicing a profession and a person receiving professional services, including
§496C.9, PROFESSIONAL CORPORATIONS 4
but not limited to any liability arising out of such practice and any law respecting privileged
communications.
2. This chapter does not modify or affect the ethical standards or standards of conduct of
any profession, including but not limited to any standards prohibiting or limiting the practice
of the profession by a corporation or prohibiting or limiting the practice of two or more
professions in combination. All such standards shall apply to the shareholders, directors,
officers, employees, and agents through whom a professional corporation practices any
profession in this state, to the same extent that the standards apply to an individual
practitioner.
3. Unless otherwise provided in the articles of incorporation, the liability of the
shareholders of a professional corporation, as shareholders, shall be limited in the same
manner and to the same extent as in the case of a corporation organized under the Iowa
business corporation Act, chapter 490.

Legislative History

[C71, 73, 75, 77, 79, 81, §496C.9]