Cal. Bus. & Prof. Code § 5610.5

Current through the 2024 Legislative Session.
Section 5610.5 - [Effective 1/1/2025] No accrual of income to disqualified person

The income of a professional architectural corporation attributable to professional services rendered while a shareholder is a disqualified person, as defined in the Moscone-Knox Professional Corporation Act (Part 4 (commencing with Section 13400) of Division 3 of Title 1 of the Corporations Code), shall not in any manner accrue to the benefit of that shareholder or their shares in the professional architectural corporation.

Ca. Bus. and Prof. Code § 5610.5

Amended by Stats 2024 ch 482 (SB 1452),s 19, eff. 1/1/2025.
Amended by Stats. 1991, Ch. 566, Sec. 17.
This section is set out more than once due to postponed, multiple, or conflicting amendments.