Business and Professions Code section 2409

The income of a medical and podiatry 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 such shareholder or his or her shares in such a professional corporation.

Source: Section 2409, https://leginfo.­legislature.­ca.­gov/faces/codes_displaySection.­xhtml?lawCode=BPC§ionNum=2409.­ (updated Jan. 1, 1980; accessed Jun. 9, 2025).

Green check means up to date. Up to date

Verified:
Jun. 9, 2025

§ 2409’s source at ca​.gov