(a) General rule.-- This chapter shall apply to and the word "association" in this chapter shall mean a professional association organized under the act of August 7, 1961 (P.L.941, No.416), known as the Professional Association Act, which has not: (1) Reorganized as an electing partnership under Chapter 87 (relating to electing partnerships). (2) Elected to become a professional corporation in the manner provided by section 2905 (relating to election of professional associations to become professional corporations). (3) Converted to a limited liability company under Subchapter E of Chapter 3 (relating to conversion). (b) No new associations.-- An association may not be originally organized under this chapter. References in Text. The act of August 7, 1961, P.L.941, No.416, known as the Professional Association Act, referred to in subsec. (a), was repealed December 21, 1988, P.L.1444, No.177.
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