Session Laws

Be it enacted by the Senate and House of Representatives in General Court assembled, and by the authority of the same, as follows:

SECTION 1. Subsection (a) of section 12 of chapter 156A of the General Laws, as appearing in section 1 of chapter 774 of the acts of 1985, is hereby amended by striking out clauses (4), (5) and (6) and inserting in place thereof the following two clauses:-

(4) If any of the shares of such shareholder are transferred voluntarily or by operation of law to a disqualified person; or

(5) If any other event specified in the Articles of organization or by-laws or said shareholder agreement shall occur.

SECTION 2. Section 13 of said chapter 156A, as so appearing, is hereby amended by striking out subsection (b) and inserting in place thereof the following subsection:-

(b) During the pendency of action under subsection (a), persons may be elected or appointed as the officers or directors of a professional corporation who are not qualified to render professional services on its behalf, and its shares may be voted by the personal representatives of a shareholder who is deceased, disabled or incompetent.