10-2227. Cancellation of disqualified
shares
If the shares of a disqualified shareholder are not acquired pursuant to section
10-2223 within ten months after the death or dissolution of the shareholder or within
five months after the disqualification or transfer, the professional corporation shall
immediately cancel the shares on its books and the disqualified shareholder shall have no
further interest as a shareholder in the corporation other than the right to payment of
the price specified in section 10-2223, subsection B.
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