{"code":"BPC","codeName":"Business and Professions Code","section":"2999","citation":"Bus. & Prof. Code, § 2999","status":"in-force","lawOn":"2026-09-28","headings":[{"name":"DIVISION 2. HEALING ARTS [500. - 4999.202.]","url":"https://blackletter.si/business-and-professions-code/division-2"},{"name":"CHAPTER 6.6. Psychologists [2900. - 2999.106.]","url":"https://blackletter.si/business-and-professions-code/division-2/chapter-6.6"},{"name":"ARTICLE 9. Psychological Corporations [2995. - 2999.]","url":"https://blackletter.si/business-and-professions-code/division-2/chapter-6.6/article-9"}],"history":"Amended by Stats. 1989, Ch. 888, Sec. 46.","effective":null,"html":"<p>The board may adopt and enforce regulations to carry out the purposes and objectives of this article, including regulations requiring (a) that the bylaws of a psychological corporation shall include a provision whereby the capital stock of that corporation owned by a disqualified person, as defined in Section <a href=\"/corp/13401\">13401</a> of the Corporations Code, or a deceased person, shall be sold to the corporation or to the remaining shareholders of that corporation within any time as those regulations may provide, and (b) that a psychological corporation shall provide adequate security by insurance or otherwise for claims against it by its patients or clients arising out of the rendering of professional services.</p>","text":"The board may adopt and enforce regulations to carry out the purposes and objectives of this article, including regulations requiring (a) that the bylaws of a psychological corporation shall include a provision whereby the capital stock of that corporation owned by a disqualified person, as defined in Section 13401 of the Corporations Code, or a deceased person, shall be sold to the corporation or to the remaining shareholders of that corporation within any time as those regulations may provide, and (b) that a psychological corporation shall provide adequate security by insurance or otherwise for claims against it by its patients or clients arising out of the rendering of professional services.","otherVersions":[],"url":"https://blackletter.si/business-and-professions-code/psychological-corporations-2999","source":"California Legislative Information bulk export (pubinfo)"}