I. A professional corporation may merge or consolidate with another corporation, domestic or foreign, only if every shareholder of each corporation is qualified to be a shareholder of the surviving or new corporation.
II. Upon the merger or consolidation of a professional corporation, if the surviving or new corporation is to render professional services in this state, it shall comply with this chapter.
Source. 1981, 236:1, eff. Feb. 1, 1982.