Missouri § 356.061 - Powers.
Full text of Missouri Revised Statutes of Missouri § 356.061 — Powers., with citation guidance and answers to common questions.
§ 356.061. Powers.
1. A professional corporation shall have the powers enumerated in the general business and corporation law of Missouri, chapter 351; except that, a professional corporation may:
(1) Invest its funds in real estate, mortgages, stocks, bonds or any other type of investment, but only so long as that investment does not violate or is not inconsistent with subsection 2 of this section; and
(2) Be a promoter, general partner, stockholder, member, associate or manager only of a partnership, joint venture, professional corporation, foreign professional corporation, trust or other enterprise that is engaged only in:
(a) Rendering a professional service that is authorized to practice under its articles of incorporation; or
(b) Carrying on business permitted by the articles of incorporation of the professional corporation or in providing services ancillary thereto.
2. A professional corporation shall not engage in any profession or business other than the professions or businesses permitted by its articles of incorporation.
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(L. 1986 H.B. 1230)
---- end of effective 28 Aug 1986 ----
Frequently Asked Questions About Missouri § 356.061
What does Revised Statutes of Missouri § 356.061 cover?
Section 356.061 ("Powers.") is part of the Revised Statutes of Missouri, the codified statutory law of Missouri. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Missouri § 356.061?
A common citation format is "Revised Statutes of Missouri § 356.061" (Missouri). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Missouri law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Missouri official source linked on this page or consult a licensed Missouri attorney.
How does Missouri § 356.061 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Missouri can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Missouri.