Oklahoma § 18-806 - Purpose of formation of professional entity
Full text of Oklahoma Oklahoma Statutes § 18-806 — Purpose of formation of professional entity, with citation guidance and answers to common questions.
§ 18-806. Purpose of formation of professional entity
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.
Added by Laws 1961, p. 205, § 6, emerg. eff. July 26, 1961. Amended
by Laws 1981, c. 312, § 3, eff. Oct. 1, 1981; Laws 1995, c. 339, §
5, eff. Nov. 1, 1995.
Source: official Oklahoma text · Last verified 2026-08-27
Frequently Asked Questions About Oklahoma § 18-806
What does Oklahoma Statutes § 18-806 cover?
Section 18-806 ("Purpose of formation of professional entity") is part of the Oklahoma Statutes, the codified statutory law of Oklahoma. 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 Oklahoma § 18-806?
A common citation format is "Oklahoma Statutes § 18-806" (Oklahoma). 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 Oklahoma law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Oklahoma official source linked on this page or consult a licensed Oklahoma attorney.
How does Oklahoma § 18-806 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Oklahoma 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 Oklahoma.