{"code":"BPC","codeName":"Business and Professions Code","section":"4999.127","citation":"Bus. & Prof. Code, § 4999.127","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 16. Licensed Professional Clinical Counselors [4999.10. - 4999.129.]","url":"https://blackletter.si/business-and-professions-code/division-2/chapter-16"},{"name":"ARTICLE 7. Professional Clinical Counselor Corporations [4999.123. - 4999.129.]","url":"https://blackletter.si/business-and-professions-code/division-2/chapter-16/article-7"}],"history":"Added by Stats. 2011, Ch. 381, Sec. 13.   (SB 146)   Effective January 1, 2012.","effective":"2012-01-01","html":"<p>The income of a professional clinical counselor corporation attributable to professional services rendered while a shareholder is a disqualified person, as defined in Section <a href=\"/corp/13401\">13401</a> of the Corporations Code, shall not in any manner accrue to the benefit of that shareholder or his or her shares in the professional clinical counselor corporation.</p>","text":"The income of a professional clinical counselor corporation attributable to professional services rendered while a shareholder is a disqualified person, as defined in Section 13401 of the Corporations Code, shall not in any manner accrue to the benefit of that shareholder or his or her shares in the professional clinical counselor corporation.","otherVersions":[],"url":"https://blackletter.si/business-and-professions-code/professional-clinical-counselor-corporations-4999-127","source":"California Legislative Information bulk export (pubinfo)"}