California Codes, Business and Professions Code - BPC, Division 2 — Healing Arts, Chapter 7.7 — Physician Assistants, Article 8 — Physicians’ Assistants Corporations, Section 3545
The income of a physician assistant 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 the shareholder or their shares in the physician assistant corporation.
Notes
Prohibits professional-service income earned by a physician assistant corporation while a shareholder is a disqualified person from accruing in any manner to that shareholder’s benefit or to the benefit of the shareholder’s shares. Applies the restriction specifically to income attributable to professional services rendered during the shareholder’s period of disqualification.
Use as reference
Lexinter.net | California Code, Business and Professions Code - BPC § 3545 | https://laws.lexinter.net/codes/california/business-and-professions-code/division-2/chapter-7-7/article-8/section-3545