California Business and Professions Code

§ 2695

BPC § 2695Div. 2 · Ch. 5.7 · Art. 10

Statute text

The income of a physical therapy 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 the physical therapy corporation.

Legislative history

Repealed and added by Stats. 1980, Ch. 1314, Sec. 10.