Marvin Mandel, Governor                            691

No corporation organized under the provisions of this subtitle
may issue any of its capital stock to anyone other than an indi-
vidual who is duly licensed or otherwise legally authorized to render
the same specific or rotated professional services as those for which
the corporation was incorporated. No shareholder of a corporation
organized under this subtitle shall enter into a voting trust agree-
ment or any other type agreement vesting another person with the
authority to exercise the voting power of any or all of his stock.

438.

If any [officer,] shareholder, agent or employee of a corporation
organized under this subtitle who has been rendering professional
service to the public becomes legally disqualified to render such
professional services within this State, or is elected to a public
office that or accepts employment that, pursuant to existing law,
prohibits his continued rendering of such professional services, he
shall immediately sever all employment with, and financial interests
in, such corporation. A corporation's failure to require compliance
with this provision shall constitute a ground for the forfeiture of
its articles of incorporation and its dissolution. When a corporation's
failure to comply with this provision is brought to the attention
of the office of the State Department of Assessments and Taxation,
this Department shall immediately certify that fact to the attorney
general for appropriate action to dissolve the corporation.

439.

No shareholder of a corporation organized under this subtitle may
sell or transfer his shares in the corporation except to the corpora-
tion or to another individual who is eligible to be a shareholder of
the corporation.

440.

The [corporate name of a corporation organized under this sub-

title shall contain the last names of some or all of the shareholders

and shall also contain] incorporators of a corporation under this

subtitle may adopt any name for the corporation as they may deter-
mine, provided that the name shall be followed by the word "char-
tered" or "professional association" or the abbreviation "P.A.". The
use of the words "company," "Corporation" or "incorporated" or any
other word, abbreviation, affix or prefix indicating that it is a cor-
poration in the corporate name of a corporation organized under
this subtitle, other than the words "chartered" or "professional
association," or the abbreviation "P.A." is specifically prohibited.
A corporation may render professional services and exercise its
authorized powers under a name which is identical to its corporate
name except that the words "chartered" or "professional associa-
tion" or the abbreviation "P.A." is omitted, provided the corpora-
tion has first registered the name to be used in [the same manner
as required for the registration of fictitious names] accordance with
the provisions of Section 18 of Article 2 of the Annotated Code of
Maryland.

437.