Proxies and voting trusts
No proxy for shares of a professional corporation is valid unless given to a qualified person. A voting trust for shares of a professional corporation is invalid unless all trustees and beneficiaries are qualified persons, except that a voting trust is valid for 10 months after the death of a deceased beneficiary or for 5 months after a beneficiary has become a disqualified person.
| EnactedEn. SectionSec. 18, ChapterCh. 399, Laws ofL. 1983 |