690                              Laws of Maryland                        Ch. 294

Volume and 1969 Cumulative Supplement), title "Corporations,"
subtitle "III. Particular Classes of Corporations," subheading "Pro-
fessional Service Corporation Act," be and they are hereby repealed
and re-enacted, with amendments, to read as follows:

As used in this subtitle the following words shall have the mean-

ing indicated:

(1) "Professional service" means any type of personal service to
the public which requires as a condition precedent to the rendering

of such service the obtaining of a license or other legal authoriza-

tion or which prior to the passage of this subtitle and by reason of

law could not be performed by a corporation.

(2) "Professional corporation" means a corporation which is

organized under this subtitle for the sole and specific purpose of

rendering professional service and which has as its shareholders
only individuals who are duly licensed or otherwise legally author-

ized within this State to render the same or a related professional

service as the corporation.

433.

An individual or group of individuals duly licensed or otherwise
legally authorized to render the same or related professional serv-

ices within this State may organize and become a shareholder or

shareholders of a professional corporation [for pecuniary profit]

under the provisions of this subtitle for the sole and specific pur-

pose of rendering the same and specific or related professional
service.

434.

No corporation organized and incorporated under this subtitle
may render professional services except through its [officers,]
employees and agents who are duly licensed or otherwise legally
authorized to render such professional services within this State;
provided, however, this provision shall not be interpreted to include
in the term "employee," as used herein, clerks, secretaries, book-
keepers, technicians and other assistants who are not usually and
ordinarily considered by custom and practice to be rendering pro-
fessional services to the public for which a license or other legal
authorization is required; and provided further, that nothing con-
tained in this subtitle shall be interpreted to require that the right
of an individual to be a shareholder of a corporation organized
under this subtitle, or to organize such a corporation, is dependent
upon the present or future existence of an employment relationship
between him and such corporation, or his present or future active
participation in any capacity in the production of the income of
such corporation or in the performance of the services rendered
by such corporation. In any corporation organized under this sub-
title, the number of directors may, but need not, be less than three,
and the offices may, but need not be, limited to president, treasurer,
and secretary, which offices may be combined in one or more per-
sons; in any such instance, the corporation need not be a "close
corporation" as defined in Section 100 of this Article.

431.