There is a newer version of the California Code
2011 California Code
Business and Professions Code
DIVISION 3. PROFESSIONS AND VOCATIONS GENERALLY [5000 - 9998.8]
ARTICLE 9. Accountancy Corporations
Section 5155
CA Bus & Prof Code § 5155 (through 2012 Leg Sess) What's This?
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.)
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