California Corporations Code

§ 10810

CORP § 10810Div. 2 · Title 1 · Part 11 · Art. 1

Statute text

A nonprofit corporation may be formed under Part 2 (commencing with Section 5110) or Part 3 (commencing with Section 7110) of this division for the purposes of defraying or assuming the cost of professional services of licentiates under any chapter of Division 2 (commencing with Section 500) of the Business and Professions Code or of rendering any such services, but it may not engage directly or indirectly in the performance of the corporate purposes or objects unless all of the following requirements are met:

(a)At least one-fourth of all licentiates of the particular profession residing in California become members.

(b)Membership in the corporation and an opportunity to render professional services upon a uniform basis are available to all licensed members of the particular profession.

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Legislative history

Added by Stats. 1978, Ch. 1305.