HB 2176--
By Committee on Business, Commerce and Labor

AN ACT concerning professional corporations; relating to participation by social workers; amending K.S.A. 17-2710 and repealing the existing section. Be it enacted by the Legislature of the State of Kansas: Section 1. K.S.A. 17-2710 is hereby amended to read as follows: 17- 2710. A professional corporation may be organized only for the purpose of rendering one type of professional service and service ancillary thereto and shall not engage in any other business, except that a single profes- sional corporation may be organized to and render professional services under any two or more of the types set forth in items (2), (6), (13) and (17) or under any two or more of the types set forth in items (4), (5), (7), (8), (9), (11), (12), (14), (15), (16) or (18) of subsection (b) of K.S.A. 17- 2707, but shall be deemed to have the following purposes, whether or not authorized by its article of incorporation: (a) To purchase, receive, lease, or otherwise acquire, own, hold, im- prove, use and otherwise deal in and with, real or personal property, or any interest therein, wherever situated; (b) to purchase, receive, or otherwise acquire, own, hold, vote, use, employ, sell, mortgage, lend, pledge, or otherwise dispose of, and oth- erwise use and deal in and with, shares of other interests in, or obligations of, other domestic or foreign corporations, associations, partnerships or individuals, insurance or annuities in any form, or direct or indirect ob- ligations of the United States or of any other government, state, territory, governmental district or municipality or of any instrumentality thereof; (c) to pay pensions and establish pension plans, profit-sharing plans, stock bonus plans, stock option plans and other incentive plans for any or all of its directors, officers and employees; (d) to do all things necessary or incidental to the practice of the pro- fession which the professional corporation is authorized to practice. Sec. 2. K.S.A. 17-2710 is hereby repealed. Sec. 3. This act shall take effect and be in force from and after its publication in the statute book.