California CodesBusiness and Professions Code - BPCDivision 2 — Healing ArtsChapter 14 — Social WorkersArticle 5 — Licensed Clinical Social Workers CorporationsSection 4998.4
The income of a licensed clinical social worker corporation attributable to professional services rendered while a shareholder is a disqualified person, as defined in the Moscone-Knox Professional Corporation Act (Part 4 (commencing with Section 13400) of Division 3 of Title 1 of the Corporations Code), shall not in any manner accrue to the benefit of that shareholder or his or her shares in the licensed clinical social workers corporation.
Notes
Prohibits income of a licensed clinical social worker 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 specifically to income tied to services rendered during the shareholder’s disqualification.
Use as reference
Lexinter.net | California Code, Business and Professions Code - BPC § 4998.4 | https://laws.lexinter.net/codes/california/business-and-professions-code/division-2/chapter-14/article-5/section-4998-4