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Cal. Bus. & Prof. Code § 2409

Corporations

Known as the Medical Practice Act

The act spans §§ 2000–2529 (415 sections).

Added by Stats. 1980, Ch. 1314, Sec. 4.4.

The income of a medical and podiatry 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 such shareholder or his or her shares in such a professional corporation.

Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.