The income of a veterinary 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 veterinary corporation.
Cal. Bus. & Prof. Code § 4913
Veterinary Corporations
Known as the Veterinary Medicine Practice Act
The act spans §§ 4800–4920 (139 sections).
Added by Stats. 1985, Ch. 1578, Sec. 1.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.