North Carolina Administrative Code
Title 21 - OCCUPATIONAL LICENSING BOARDS AND COMMISSIONS
Chapter 32 - NORTH CAROLINA MEDICAL BOARD
Subchapter C - PROFESSIONAL CORPORATIONS
Section 32C .0105 - STOCK AND FINANCIAL MATTERS
Current through Register Vol. 39, No. 6, September 16, 2024
(a) The corporation may acquire and hold its own stock.
(b) No person other than a licensee of the Board shall exercise any authority or influence over the practice of medicine as defined in Article 1 of Chapter 90.
(c) Subject to the provisions of G.S. 55B-7, the corporation may make such agreement with its shareholders or its shareholders may make such agreement between themselves as they deem just for the acquisition of the shares of a deceased or retiring shareholder or of a shareholder who becomes disqualified to own shares under the Professional Corporation Act or under the rules in this Subchapter.
(d) Failure to display on the face of all stock certificates a legend that any stock transfers are subject to the provisions of the Professional Corporations Act and the rules of the Board shall be a violation of G.S. 90-14(a).
Authority
G.S.
55B-6;
55B-7;
55B-8;
90-1.1(5),
90-2(a);
90-5.1(a)(3);
90-14(a)(6);
90-14(a)(8);
Eff. February 1, 1976;
Amended Eff. May 1, 2012; May 1, 1989;
November 1, 1985;
Pursuant to
G.S.
150B-21.3A rule is necessary without
substantive public interest Eff. March 1,
2016.
