Utah Code
Utah Code § 16-11-6 (2026)
Purpose of professional corporation -- Power to own property and invest funds
✓ laws through the 2026 General Session (checked Sept. 2026)
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A professional corporation may be organized pursuant to the provisions of this chapter only for the purpose of rendering one specific type of professional service and services ancillary to the specific type of professional service and may not engage in any business other than rendering the professional service that it was organized to render and services ancillary to the specific type of professional service.
Notwithstanding Subsection (1), a professional corporation may:
own real and personal property necessary or appropriate for rendering the type of professional service it was organized to render;
invest its funds in real estate, mortgages, stocks, bonds, and any other type of investments; and
if a benefit corporation, have as a purpose creating a general public benefit and a specific public benefit as provided in Chapter 10b, Benefit Corporation Act.
Amended by Chapter 394, 2014 General Session
Notes of Decisions
Cited in 2
cases, 1977–1994 · leading case: Berrett v. Purser & Edwards, 876 P.2d 367 (Utah 1994).
Berrett v. Purser & Edwards, 876 P.2d 367 (Utah 1994). “Utah Code Ann. § 16-11-6 . Thus, a professional corporation may not be used to manufacture products or provide banking or investment services or any other kind of personal service that is not professional in nature and of the specific type for which it was organized.”
Sullivan v. William E. Dixon, P.A., 373 A.2d 1245 (Md. 1977). “15, § 12604 (Purdon 1967); Utah Code Ann. § 16-11-6 (1973); Vt. Stat.”
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