California CodesBusiness and Professions Code - BPCDivision 2 — Healing ArtsChapter 16 — Licensed Professional Clinical CounselorsArticle 7 — Professional Clinical Counselor CorporationsSection 4999.129
The board may formulate and enforce any rule or regulation to carry out the purposes and objectives of this article, including as follows:
(a) Any rule or regulation that requires that the articles of incorporation or bylaws of a professional clinical counselor corporation shall include a provision that requires the capital stock of the corporation owned by a disqualified person, as defined in Section 13401 of the Corporations Code, or a deceased person to be sold to the corporation or to the remaining shareholders of the corporation within the timeframe that the rule or regulation requires.
(b) Any rule or regulation that requires that a professional clinical counselor corporation shall provide adequate security by insurance or otherwise for claims against the corporation by its patients arising out of the rendering of professional services.
Notes
Allows the board to make and enforce rules carrying out this article, including rules requiring corporate documents to force stock owned by a disqualified or deceased person to be sold to the corporation or remaining shareholders within a board-set timeframe. Rules may also require adequate insurance or other security for patient claims arising from professional services.
Use as reference
Lexinter.net | California Code, Business and Professions Code - BPC § 4999.129 | https://laws.lexinter.net/codes/california/business-and-professions-code/division-2/chapter-16/article-7/section-4999-129