California Codes, Business and Professions Code - BPC, Division 2 — Healing Arts, Chapter 5.3 — Speech-Language Pathologists, Audiologists, and Hearing Aid Dispensers, Article 7 — Speech-Language Pathology Corporations and Audiology Corporations, Section 2537.3
The income of a speech-language pathology corporation or an audiology corporation attributable to professional services rendered while a shareholder is a disqualified person, as defined in Section 13401 of the Corporations Code, shall not in any manner accrue to the benefit of that shareholder or their share in the speech-language pathology or audiology corporation.
Notes
Prohibits income of a speech-language pathology or audiology corporation attributable to professional services rendered while a shareholder is a “disqualified person” from accruing in any manner to that shareholder’s benefit or ownership share. The restriction applies specifically to income generated during the period in which the shareholder has the defined disqualified status.
Use as reference
Lexinter.net | California Code, Business and Professions Code - BPC § 2537.3 | https://laws.lexinter.net/codes/california/business-and-professions-code/division-2/chapter-5-3/article-7/section-2537-3