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O.C.G.A. § 14-10-5 — Business other than rendering professional service prohibited; investments and ownership of property | Georgia Code

O.C.G.A. § 14-10-5 (2018) Copy Cite Official Site Syfertize CourtListener Scholar Amendments

TITLE 14 CORPORATIONS, PARTNERSHIPS, AND ASSOCIATIONS

Section 10. Professional Associations, 14-10-1 through 14-10-18.

ARTICLE 2 LIMITED PARTNERSHIPS FORMED PRIOR TO FEBRUARY 15, 1952

14-10-5. Business other than rendering professional service prohibited; investments and ownership of property.

A professional association may be organized only for the purpose of rendering one specific kind of professional service and shall not engage in any business other than rendering the professional service for which it was organized. However, it may invest its funds in real estate, mortgages, stocks, bonds, or any other type of investment and may own real or personal property necessary or appropriate for rendering its professional service.

(Ga. L. 1961, p. 404, § 5.)

OPINIONS OF THE ATTORNEY GENERAL

Medical doctors allowed to form association even with different specialities.

- Ga. L. 1961, p. 404 (see now O.C.G.A. §§ 14-10-3 and14-10-5) allow medical doctors to form an association even where they are specialists in different areas of the medical profession such as pediatrics, gynecology, general practice, etc., since all the doctors are practicing medicine and are governed by one board of medical examiners; on the other hand, they could not be joined in a professional association by a dentist, for example, or some member of an entirely different profession. 1963-65 Op. Att'y Gen. p. 791.

RESEARCH REFERENCES

Am. Jur. 2d.

- 6 Am. Jur. 2d, Associations and Clubs, §§ 12, 13.

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This Georgia Code resource is curated by Graham W. Syfert, Esq., a personal injury and workers' compensation attorney admitted in Georgia (State Bar of Georgia No. 881027, since 2006) and Florida. For legal consultation, call 904-383-7448.