Cal. Bus. & Prof. Code § 4999.127

Current through the 2023 Legislative Session.
Section 4999.127 - No accrual of income to disqualified persons

The income of a professional clinical counselor 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 that shareholder or his or her shares in the professional clinical counselor corporation.

Ca. Bus. and Prof'l. Code § 4999.127

Added by Stats 2011 ch 381 (SB 146),s 13, eff. 1/1/2012.