California CodesBusiness and Professions Code - BPCDivision 2 — Healing ArtsChapter 2 — ChiropractorsArticle 2 — Chiropractic CorporationsSection 1056
The income of a chiropractic corporation attributable to professional services rendered while a shareholder is a disqualified person (as defined in the Professional Corporation Act) shall not in any manner accrue to the benefit of such shareholder or his shares in the chiropractic corporation.
Notes
Prohibits income of a chiropractic corporation attributable to professional services rendered while a shareholder is a “disqualified person,” as defined by the Professional Corporation Act, from accruing in any manner to that shareholder or to the shareholder’s shares in the corporation. The restriction targets the financial benefit tied to services rendered during the disqualification period.
Use as reference
Lexinter.net | California Code, Business and Professions Code - BPC § 1056 | https://laws.lexinter.net/codes/california/business-and-professions-code/division-2/chapter-2/article-2/section-1056