Public-domain · open source
OpenJurist

Cal. Bus. & Prof. Code § 8045

Shorthand Reporting Corporations

Added by Stats. 1972, Ch. 1306.

The income of a shorthand reporting corporation attributable to professional services rendered while a shareholder is a disqualified person, as defined by Section 13401 of the Corporations Code, shall not in any manner accrue to the benefit of such shareholder for his shares in the shorthand reporting corporation.

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