{"code":"BPC","codeName":"Business and Professions Code","section":"4154","citation":"Bus. & Prof. Code, § 4154","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 9. Pharmacy [4000. - 4427.8.]","url":"https://blackletter.si/business-and-professions-code/division-2/chapter-9"},{"name":"ARTICLE 10. Pharmacy Corporations [4150. - 4156.]","url":"https://blackletter.si/business-and-professions-code/division-2/chapter-9/article-10"}],"history":"Added by Stats. 1996, Ch. 890, Sec. 3.   Effective January 1, 1997.","effective":"1997-01-01","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 pharmacy corporation shall include a provision whereby the capital stock of the 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 the corporation within the time as the regulations may provide, and (b) that a pharmacy 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 pharmacy corporation shall include a provision whereby the capital stock of the 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 the corporation within the time as the regulations may provide, and (b) that a pharmacy 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/pharmacy-corporations-4154","source":"California Legislative Information bulk export (pubinfo)"}