California · Business and Professions Code - BPC

BPC §4153: The income of a pharmacy 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

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What this law says, in plain English

A pharmacy corporation's income from professional services provided by a disqualified shareholder is subject to specific restrictions under Corporations Code Section 13401.

Read the full statutory text

The income of a pharmacy 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 the shareholder or his or her shares in the pharmacy corporation.

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