California CodesBusiness and Professions Code - BPCDivision 2 — Healing ArtsChapter 5 — MedicineArticle 18 — CorporationsSection 2409
The income of a medical and podiatry 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 such shareholder or his or her shares in such a professional corporation.
Notes
Prohibits income of a medical or podiatry corporation attributable to professional services rendered 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 in the professional corporation.
Use as reference
Lexinter.net | California Code, Business and Professions Code - BPC § 2409 | https://laws.lexinter.net/codes/california/business-and-professions-code/division-2/chapter-5/article-18/section-2409