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HomeBusiness and Professions CodeDiv. 2Ch. 7Art. 8§ 3165 Optometric Corporation Income Restrictions

§ 3165 Optometric Corporation Income Restrictions

Business and Professions Code·California
AI Summary·Official Text·Key Terms·Related Statutes·References
AI SummaryVerified

§ 3165 Optometric Corporation Income Restrictions

Key Takeaways

  • •If an optometrist (eye doctor) is not allowed to work (disqualified), their share of the money from their work doesn't go to them.
  • •The money they would have earned stays with the company, not the disqualified doctor.
  • •This rule is for optometric corporations in California.

Example

Dr. Smith is an eye doctor who owns part of an eye clinic. He gets disqualified (maybe lost his license).

Even if Dr. Smith still owns part of the clinic, he doesn’t get any money from the work he does while disqualified. The clinic keeps that money instead.

AI-generated — May contain errors. Not legal advice. Always verify source.

Official Source
View on CA.gov

§ 3165 Optometric Corporation Income Restrictions

The income of an optometric 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 for his shares in the optometric corporation. (Added by Stats. 1970, Ch. 1265.)

Last verified: January 22, 2026

Key Terms

corporationdisqualified personfineshareholderbenefit

Related Statutes

  • § 3545 Physician Assistant Income Restrictions
  • § 3164 Optometric Corporation Licensing Requirements
  • § 3167 Optometric Corporation Ownership Rules
  • § 2780 Nursing Corporation Disqualified Shareholder Incom
  • § 2996.2 Disqualified Shareholder Income Restriction

References

  • Official text at leginfo.legislature.ca.gov
  • California Legislature. Business and Professions Code. Section 3165.
View Official Source