California · Business and Professions Code - BPC

BPC §654: No person licensed under Chapter 5 (commencing with Section 2000) of this division may have any membership, proprietary interest or coownership in any form in or with any person licensed under Chapter

What this law says, in plain English

A licensed person under Chapter 5 cannot hold membership, ownership interest, or co-ownership with another licensed person under Chapter [incomplete statute].

Read the full statutory text

No person licensed under Chapter 5 (commencing with Section 2000) of this division may have any membership, proprietary interest or coownership in any form in or with any person licensed under Chapter 5.5 (commencing with Section 2550) of this division to whom patients, clients or customers are referred or any profit-sharing arrangements.

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