California Business and Professions Code 4913 – The income of a veterinary corporation attributable to professional …
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The income of a veterinary 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 that shareholder or his or her shares in the veterinary corporation.
(Added by Stats. 1985, Ch. 1578, Sec. 1.)
Terms Used In California Business and Professions Code 4913
- 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.