Business and Professions Code section 4988

The income of a marriage and family therapy 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 marriage and family therapy corporation.

Source: Section 4988, https://leginfo.­legislature.­ca.­gov/faces/codes_displaySection.­xhtml?lawCode=BPC§ionNum=4988.­ (updated Jan. 1, 2003; accessed Jun. 25, 2025).

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Verified:
Jun. 25, 2025

§ 4988's source at ca​.gov