Bus. & Prof. Code, § 2408 · Article 18. Corporations
Bus. & Prof. Code, § 2408
Text — As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
Except as provided in Sections 13401.5 and 13403 of the Corporations Code, each shareholder, director and officer of a medical or podiatry corporation, except an assistant secretary or an assistant treasurer, shall be a licensed person as defined in Section 13401 of the Corporations Code.
Notwithstanding the provisions of this section or Sections 13401.5, 13403, 13406, and 13407 of the Corporations Code, a shareholder of a medical corporation which renders professional services may be a medical corporation which has only one shareholder who shall be a licensed person as defined in Section 13401 of the Corporations Code. The shareholder of the latter corporation may be an officer or director of the former corporation.
Nothing in this section shall be construed as prohibiting a nonlicensed person from using the business titles of executive vice president, chief executive officer, executive secretary, or any other title denoting an administrative function within the professional corporation.
Notes and commentary — not statutory text
History
Amended by Stats. 1985, Ch. 505, Sec. 1.
Source of truth
- Edition
- As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
- Official file
- https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=BPC§ionNum=2408.
- Text hash
- sha256 1c8ba64217d6f5fe22a9d646281611682b62ccdbbadf7e47f0e50e50c098aa63
- Composed by
- compose_ca.py 2026-10-22: the Legislative Counsel's CAML content files read by a tokenizer (caml_readers.reader_a); an independent xml.etree reading (caml_readers.reader_b) agrees on every section
This section cites
Provisions in this library that the text above cites, as it prints each citation. A range cited as “ss. 61.13-61.16” links its first and last provisions.
Corporations Code
- Corp. Code, § 13401Printed as Section 13401 of the Corporations Code
- Corp. Code, § 13401.5Printed as Sections 13401.5 and 13403 of the Corporations Code | Sections 13401.5, 13403, 13406, and 13407 of the Corporations Code
- Corp. Code, § 13403Printed as Sections 13401.5 and 13403 of the Corporations Code | Sections 13401.5, 13403, 13406, and 13407 of the Corporations Code
- Corp. Code, § 13406Printed as Sections 13401.5, 13403, 13406, and 13407 of the Corporations Code
- Corp. Code, § 13407Printed as Sections 13401.5, 13403, 13406, and 13407 of the Corporations Code
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.