California Business and Professions Code 2695 – The income of a physical therapy corporation attributable to …
Current as of: 2024 | Check for updates
|
Other versions
The income of a physical therapy corporation attributable to professional services rendered while a shareholder is a disqualified person, as defined in § 13401 of the Corporations Code, shall not in any manner accrue to the benefit of such shareholder or his or her shares in the physical therapy corporation.
(Repealed and added by Stats. 1980, Ch. 1314, Sec. 10.)
Terms Used In California Business and Professions Code 2695
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- physical therapy: as used in this chapter , and a license issued pursuant to this chapter does not authorize the diagnosis of disease. See California Business and Professions Code 2620