Cal. Bus. & Prof. Code § 5610.5

Current through the 2024 Legislative Session.
Section 5610.5 - [Effective Until 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) shall not in any manner accrue to the benefit of that shareholder or his or her shares in the professional architectural corporation.

Ca. Bus. and Prof'l. Code § 5610.5

Amended by Stats. 1991, Ch. 566, Sec. 17.
This section is set out more than once due to postponed, multiple, or conflicting amendments.