California Business and Professions Code Section 5155

CA Bus & Prof Code § 5155 (2017)  

The income of an accountancy 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 such shareholder or his shares in the accountancy corporation.

(Added by Stats. 1970, Ch. 1113.)

Last modified: October 25, 2018