Indiana § 23-1.5-2-3 Formation of professional corporations; authorization of investments;
admission of foreign professional corporations

Indiana Statutes

§ 23-1.5-2-3 — Formation of professional corporations; authorization of investments; admission of foreign professional corporations

Indiana § 23-1.5-2-3

Title 23BUSINESS AND OTHER ASSOCIATIONS

Art. 1.5PROFESSIONAL CORPORATIONS

Ch. 2Administrative Provisions

This text of Indiana § 23-1.5-2-3 (Formation of professional corporations; authorization of investments; admission of foreign professional corporations) is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ind. Code § 23-1.5-2-3 (2026).

Text

(a)Except as provided in subsections (c) and

(d)and IC 25-2.1-5, a professional corporation may be formed to render professional services as follows:

(1)One (1) or more accounting professionals may form a professional corporation to render services that may legally be performed only by an accounting professional.

(2)One (1) or more architectural or engineering professionals may form a professional corporation to render services that may legally be performed only by an architectural or engineering professional.

(3)One (1) or more attorneys may form a professional corporation to render services that may legally be performed only by an attorney.

(4)One (1) or more health care professionals may form a professional corporation to render services that may legally be performed only by a hea

Free access — add to your briefcase to read the full text and ask questions with AI

(a) Except as provided in subsections (c) and
(d) and IC 25-2.1-5, a professional corporation may be formed to
render professional services as follows:
(1) One (1) or more accounting professionals may form a
professional corporation to render services that may legally be
performed only by an accounting professional.
(2) One (1) or more architectural or engineering professionals
may form a professional corporation to render services that may
legally be performed only by an architectural or engineering
professional.
(3) One (1) or more attorneys may form a professional corporation
to render services that may legally be performed only by an
attorney.
(4) One (1) or more health care professionals may form a
professional corporation to render services that may legally be
performed only by a health care professional.
(5) One (1) or more veterinarians may form a professional
corporation to render services that may legally be performed only
by a veterinarian.
(6) One (1) or more real estate professionals may form a
professional corporation to render services that may legally be
performed only by a real estate professional.
(b) A foreign professional corporation may be admitted to render
professional services in Indiana by complying with IC 23-1.5-5.
(c) A domestic professional corporation or a foreign professional
corporation admitted to render professional services in Indiana:
(1) shall have at least one (1) shareholder who is licensed in
Indiana; and
(2) may have at least one (1) shareholder who is licensed under
the laws of another state to render similar professional services.
(d) In addition to the professional services permitted by its articles
of incorporation, a professional corporation may invest its funds in any
type of investment not prohibited by law.