California Codes, Business and Professions Code - BPC, Division 2 — Healing Arts, Chapter 6 — Nursing, Article 3.5 — Nursing Corporations, Section 2780
The income of a nursing 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 the shareholder or their shares in the nursing corporation.
Notes
Prohibits income of a nursing 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. The restriction applies specifically to professional-service income earned during the shareholder's period of disqualification.
Use as reference
Lexinter.net | California Code, Business and Professions Code - BPC § 2780 | https://laws.lexinter.net/codes/california/business-and-professions-code/division-2/chapter-6/article-3-5/section-2780