Cal. Bus. & Prof. Code § 3545

Current through the 2024 Legislative Session.
Section 3545 - [Effective 1/1/2025] No accrual of income to disqualified person

The income of a physician assistant 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 the shareholder or their shares in the physician assistant corporation.

Ca. Bus. and Prof. Code § 3545

Amended by Stats 2024 ch 497 (SB 1526),s 22, eff. 1/1/2025.
Amended by Stats. 1994, Ch. 26, Sec. 125. Effective March 30, 1994.
This section is set out more than once due to postponed, multiple, or conflicting amendments.