Cal. Bus. & Prof. Code § 4153

Current through the 2023 Legislative Session.
Section 4153 - No income accruable to disqualified person

The income of a pharmacy 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 his or her shares in the pharmacy corporation.

Ca. Bus. and Prof'l. Code § 4153

Added by Stats. 1996, Ch. 890, Sec. 3. Effective January 1, 1997.