Cal. Bus. & Prof. Code § 3672

Current through the 2024 Legislative Session.

Section 3672 - [Effective Until 1/1/2025] No accrual of income to disqualified person

The income of a naturopathic 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 his or her shares in the naturopathic corporation.

Ca. Bus. and Prof'l. Code § 3672

Added by Stats 2003 ch 485 (SB 907),s 5, eff. 1/1/2004.

This section is set out more than once due to postponed, multiple, or conflicting amendments.