BlackletterCalifornia law

Business and Professions Code § 2996.2

ARTICLE 9. Psychological Corporations

Current as of September 28, 2026Bus. & Prof. Code, § 2996.2Official source ↗

Repealed and added by Stats. 1980, Ch. 1314, Sec. 15.

The income of a psychological 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 the psychological corporation.