BlackletterCalifornia law

Business and Professions Code § 2409

ARTICLE 18. Corporations

Current as of September 28, 2026Bus. & Prof. Code, § 2409Official source ↗

Added by Stats. 1980, Ch. 1314, Sec. 4.4.

The income of a medical and podiatry 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 such shareholder or his or her shares in such a professional corporation.