California Business and Professions Code

§ 5155

Name: California Superior Court Tentative Rulings
Creator: DecisionDepot
License: https://creativecommons.org/licenses/by-nc/4.0/

BPC § 5155Div. 3 · Ch. 1 · Art. 9

Statute text

View on leginfo.ca.gov

The income of an accountancy 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 such shareholder or his shares in the accountancy corporation.

Legislative history

Added by Stats. 1970, Ch. 1113.