California CodesBusiness and Professions Code - BPCDivision 2 — Healing ArtsChapter 16 — Licensed Professional Clinical CounselorsArticle 7 — Professional Clinical Counselor CorporationsSection 4999.127
The income of a professional clinical counselor 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 his or her shares in the professional clinical counselor corporation.
Notes
Prohibits income of a professional clinical counselor corporation attributable to professional services rendered while a shareholder is a statutorily defined disqualified person from accruing in any manner to that shareholder or the shareholder’s shares. The restriction applies to income tied to services rendered during the period of disqualification.
Use as reference
Lexinter.net | California Code, Business and Professions Code - BPC § 4999.127 | https://laws.lexinter.net/codes/california/business-and-professions-code/division-2/chapter-16/article-7/section-4999-127