Okla. Stat. tit. 18, § 18-806
This is the official text of Okla. Stat. tit. 18, § 18-806, part of Oklahoma’s Stat. tit. 18, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 18,." Browse the sections below, each linked to its official government source.
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Purpose of formation of professional entity
Official statutory text
A professional entity may be formed for the purpose of rendering
one specific type of professional service or related professional
services and services ancillary thereto and shall not engage in any
business other than rendering the professional service or services
which it was organized to render and services ancillary thereto;
provided, however, that a professional entity may own real and
personal property necessary or appropriate for rendering the type of
professional services it was organized to render and may invest its
funds in real estate, mortgages, stocks, bonds and any other type of
investments.
one specific type of professional service or related professional
services and services ancillary thereto and shall not engage in any
business other than rendering the professional service or services
which it was organized to render and services ancillary thereto;
provided, however, that a professional entity may own real and
personal property necessary or appropriate for rendering the type of
professional services it was organized to render and may invest its
funds in real estate, mortgages, stocks, bonds and any other type of
investments.
Status: in_force · Read it on the official government site
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