§ 4913 Veterinary Corporation Disqualified Shareholder In

Business and Professions Code·California

AI SummaryVerified

Key Takeaways

•If a vet is not allowed to work (like if their license is suspended), they can't get money from the vet business for the work they do during that time.
•The vet business can't give any money or benefits to the vet who is not allowed to work.
•This rule is about making sure only qualified vets get paid for vet work.

Example

A vet loses their license for a few months but still tries to work and get paid.

The vet business can't pay them for any work they do while their license is suspended. The money from their work can't go to them or their shares in the business.

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

Official Source

View on CA.gov

§ 4913 Veterinary Corporation Disqualified Shareholder In

The income of a veterinary corporation attributable to professional services rendered while a shareholder is a disqualified person (as defined in Section 13401 of the Corporations Code) shall not in any manner accrue to the benefit of that shareholder or his or her shares in the veterinary corporation. (Added by Stats. 1985, Ch. 1578, Sec. 1.)

Last verified: January 22, 2026

Key Terms

disqualified person corporation shareholder benefit fine

References

Official text at leginfo.legislature.ca.gov
California Legislature. Business and Professions Code. Section 4913.

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