(1) A foreign professional corporation may not transact business in this state until it obtains a certificate of authority from the Secretary of State.
(2) A foreign professional corporation may not obtain a certificate of authority unless:
(a) Its corporate name satisfies the requirements of Section 79-10-21;
(b) It is incorporated for one or more of the purposes described in Section 79-10-13; and
(c) All of its shareholders would be qualified persons if the foreign professional corporation were a domestic professional corporation.
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