California Business and Professions Code 2409 – The income of a medical and podiatry corporation attributable to …
Current as of: 2024 | Check for updates
|
Other versions
The income of a medical and podiatry corporation attributable to professional services rendered while a shareholder is a disqualified person, as defined in § 13401 of the Corporations Code, shall not in any manner accrue to the benefit of such shareholder or his or her shares in such a professional corporation.
(Added by Stats. 1980, Ch. 1314, Sec. 4.4.)
Terms Used In California Business and Professions Code 2409
- 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.