BlackletterCalifornia law

Business and Professions Code § 8045

ARTICLE 5. Shorthand Reporting Corporations

Current as of September 28, 2026Bus. & Prof. Code, § 8045Official source ↗

Added by Stats. 1972, Ch. 1306.

The income of a shorthand reporting corporation attributable to professional services rendered while a shareholder is a disqualified person, as defined by Section 13401 of the Corporations Code, shall not in any manner accrue to the benefit of such shareholder for his shares in the shorthand reporting corporation.