New Jersey § 14A:17-11 Disqualification to render service

New Jersey Statutes

§ 14A:17-11 — Disqualification to render service

New Jersey § 14A:17-11

Title 14ACORPORATIONS, GENERAL

This text of New Jersey § 14A:17-11 (Disqualification to render service) is published on Counsel Stack Legal Research, covering New Jersey primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.J. Stat. Ann. § 14A:17-11 (2026).

Text

If any officer, shareholder, agent or employee of a professional corporation becomes legally disqualified to render the same professional service as that for which the corporation was organized, he shall forthwith sever all employment with such corporation and shall not, directly or indirectly, participate or share, as a shareholder, in any earnings or profits realized by such corporation on account of professional services rendered on or after the effective date of such disqualification. L.1969, c. 232, s. 11, eff. Dec. 16, 1969.

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If any officer, shareholder, agent or employee of a professional corporation becomes legally disqualified to render the same professional service as that for which the corporation was organized, he shall forthwith sever all employment with such corporation and shall not, directly or indirectly, participate or share, as a shareholder, in any earnings or profits realized by such corporation on account of professional services rendered on or after the effective date of such disqualification. L.1969, c. 232, s. 11, eff. Dec. 16, 1969.