The income of a marriage and family therapy corporation attributable to professional services rendered while a shareholder is a disqualified person (as defined in the Moscone-Knox Professional Corporation Act) shall not in any manner accrue to the benefit of that shareholder or his or her shares in the marriage and family therapy corporation.
Cal. Bus. & Prof. Code § 4988
Marriage and Family Therapy Corporations
Known as the Licensed Marriage and Family Therapist Act
The act spans §§ 4980–4989 (79 sections).
Amended by Stats. 2002, Ch. 1013, Sec. 44
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.