Cal. Bus. & Prof. Code § 5155

Current through the 2023 Legislative Session.
Section 5155 - No accrual of income to disqualified person

The income of an accountancy corporation attributable to professional services rendered while a shareholder is a disqualified person (as defined in the Moscone-Knox Professional Corporation Act) shall not in any manner accrue to the benefit of such shareholder or his shares in the accountancy corporation.

Ca. Bus. and Prof'l. Code § 5155

Added by Stats. 1970, Ch. 1113.