Business and Professions Code section 2999

The board may adopt and enforce regulations to carry out the purposes and objectives of this article, including regulations requiring (a)that the bylaws of a psychological corporation shall include a provision whereby the capital stock of that corporation owned by a disqualified person, as defined in Section 13401 of the Corporations Code, or a deceased person, shall be sold to the corporation or to the remaining shareholders of that corporation within any time as those regulations may provide, and (b)that a psychological corporation shall provide adequate security by insurance or otherwise for claims against it by its patients or clients arising out of the rendering of professional services.

Source: Section 2999, https://leginfo.­legislature.­ca.­gov/faces/codes_displaySection.­xhtml?lawCode=BPC§ionNum=2999.­ (updated Jan. 1, 1989; accessed Jun. 30, 2025).

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Verified:
Jun. 30, 2025

§ 2999's source at ca​.gov