The income of a licensed clinical social worker corporation attributable to professional services rendered while a shareholder is a disqualified person, as defined in the Moscone-Knox Professional Corporation Act (Part 4 (commencing with Section 13400) of Division 3 of Title 1 of the Corporations Code), shall not in any manner accrue to the benefit of that shareholder or his or her shares in the licensed clinical social workers corporation.
Cal. Bus. & Prof. Code § 4998.4
Licensed Clinical Social Workers Corporations
Known as the Clinical Social Worker Practice Act
The act spans §§ 4991–4998 (67 sections).
Added by renumbering Section 4998.5 by Stats. 1999, Ch. 657, Sec. 22
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.