California Business and Professions Code

§ 4999.127

BPC § 4999.127 Effective Jan 1, 2012Div. 2 · Ch. 16 · Art. 7

Statute text

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.

Legislative history

Added by Stats. 2011, Ch. 381, Sec. 13. (SB 146) Effective January 1, 2012.