Delaware Code (Titles 8, 9, 25, 30)
8 Del. C. § 609
Engaging in other business prohibited
Official textdelcode.delaware.gov
No professional corporation shall engage in any business other than the rendering of the professional services set forth in its certificate of incorporation; provided, however, nothing in this chapter or in any other provisions of existing law applicable to professional corporations shall be interpreted to prohibit such professional corporation from investing its funds in real estate, mortgages, stocks, bonds, or any other type of investments, or from owning real or personal property necessary for, or appropriate or desirable in, the fulfillment or rendering of its professional services.
Amendment history
57 Del. Laws, c. 127; 80 Del. Laws, c. 184, § 1
Source: view the official text
In this title (40 sections)
- 8-396 · Publication of chapter by Secretary of State; distribution
- 8-397 · Penalty for unauthorized publication of chapter
- 8-398 · Short title
- 8-501 · Corporations subject to and exempt from franchise tax
- 8-502 · Annual franchise tax report; contents; failure to file and pay…
- 8-503 · Rates and computation of franchise tax
- 8-504 · Collection and disposition of tax; tentative return and tax;…
- 8-505 · Review and refund; jurisdiction and power of the Secretary of…
- 8-506 · Fund for payment of refunds
- 8-507 · Collection of tax; preferred debt
- 8-508 · Injunction against exercise of franchise or transacting business
- 8-509 · Further remedy in Court of Chancery; appointment of receiver or…
- 8-510 · Failure to pay tax or file a complete annual report for 1 year;…
- 8-511 · Repeal of charters of delinquent corporations; report to…
- 8-512 · Filing and publication of proclamation
- 8-513 · Acting under proclaimed charter; penalty
- 8-514 · Mistakes in proclamation; correction
- 8-515 · Annual report of Secretary of State
- 8-516 · Retaliatory taxation and regulation; imposition
- 8-517 · Duties of Attorney General
- 8-518 · Relief for corporations with assets in certain unfriendly…
- 8-601 · Legislative intent
- 8-602 · Short title
- 8-603 · Definitions
- 8-604 · Exemptions
- 8-605 · Authority to organize; law governing
- 8-606 · Number of directors; officers
- 8-607 · Rendition of professional services through licensed officers,…
- 8-608 · Chapter not to affect professional relationship; legal…
- 8-609 · Engaging in other business prohibited
- 8-610 · Issuance of capital stock to licensed individuals; voting trust…
- 8-611 · Disqualification of officer, shareholder, agent or employee
- 8-612 · Sale or transfer of shares
- 8-613 · Price for shares
- 8-614 · Perpetual corporate existence
- 8-615 · Conversion into business corporation
- 8-616 · Time for transfer of shares upon death or disqualification
- 8-617 · Corporate name
- 8-618 · Applicability of General Corporation Law; consolidation or…
- 8-619 · Construction of chapter