Application of General Corporation Law

The provisions of the General Corporation Law [Chapters 1 through 7 of this Part] shall apply to professional corporations, except where such provisions are in conflict with or inconsistent with the provisions of this Chapter. A professional corporation which has only one shareholder need have only one director who shall be such shareholder and who shall also serve as the president and treasurer of the corporation. The other officers of the corporation in such situation need not be licensed persons. A professional corporation which has only two shareholders need only have two directors who shall be such shareholders. The two shareholders between them shall fill the offices of president, vice president, secretary and treasurer.