California Business and Professions Code 1806 – The income of a dental corporation attributable to professional …
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The income of a dental 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 dental corporation.
(Amended by Stats. 1997, Ch. 168, Sec. 6. Effective January 1, 1998.)
Terms Used In California Business and Professions Code 1806
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.