Enacts new subsection (a2) to GS 55B-6 to allow any person to own up to 49% of the stock of a professional corporation providing legal services under GS Chapter 84 (regulating attorneys), provided five enumerated criteria are met, including the requirement that licensees own and control voting stock representing at least 51% of the votes entitled to be cast in the director election for the professional corporation. Makes other technical and conforming changes. Effective October 1, 2011.
ALLOW NONATTORNEY OWNERSHIP OF PC LAW FIRMS.
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| View NCGA Bill Details | 2011-2012 Session |
TO ALLOW NONATTORNEY OWNERSHIP OF PROFESSIONAL CORPORATION LAW FIRMS, SUBJECT TO CERTAIN REQUIREMENTS.Intro. by Hartsell.
Status: Re-ref Com On Rules and Operations of the Senate (Senate Action) (Mar 21 2011)
Bill History:
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Tue, 8 Mar 2011 Senate: Filed
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Wed, 9 Mar 2011 Senate: Passed 1st Reading
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Wed, 9 Mar 2011 Senate: Ref To Com On Judiciary I
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Mon, 21 Mar 2011 Senate: Withdrawn From Com
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Mon, 21 Mar 2011 Senate: Re-ref Com On Rules and Operations of the Senate
S 254
Bill Summaries:
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Bill S 254 (2011-2012)Summary date: Mar 8 2011 - View Summary
View: All Summaries for Bill