California CodesBusiness and Professions Code - BPCDivision 2 — Healing ArtsChapter 8.2 — Naturopathic Doctors ActArticle 7 — Naturopathic CorporationsSection 3675
The board may adopt and enforce regulations to carry out the purposes and objectives of this article, including, but not limited to, regulations requiring the following:
(a) That the bylaws of a naturopathic corporation include a provision whereby the capital stock of the corporation owned by a disqualified person, as defined in Section 13401 of the Corporations Code, or a deceased person, shall be sold to the corporation or to the remaining shareholders of the corporation within any time as the regulations may provide.
(b) That a naturopathic corporation shall provide adequate security by insurance or otherwise for claims against it by its patients arising out of the rendering of professional services.
Notes
Allows the board to adopt and enforce regulations governing naturopathic corporations, including rules requiring corporate bylaws to compel sale of stock owned by a disqualified or deceased person within a regulatory deadline. Regulations 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 § 3675 | https://laws.lexinter.net/codes/california/business-and-professions-code/division-2/chapter-8-2/article-7/section-3675