You are here: California / Business and Professions Code - BPC / ARTICLE 9. Psychological Corporations [2995. - 2999.] / Section 2999.

Section 2999. (Amended by Stats. 1989, Ch. 888, Sec. 46.)
Cite as: Cal. Bus. & Prof. Code §2999.

The board may adopt and enforce regulations to carry out the purposes and objectives of this article, including regulations requiring (a)that the bylaws of a psychological corporation shall include a provision whereby the capital stock of that corporation owned by a disqualified person, as defined in Section 13401 of the Corporations Code, or a deceased person, shall be sold to the corporation or to the remaining shareholders of that corporation within any time as those regulations may provide, and (b)that a psychological corporation shall provide adequate security by insurance or otherwise for claims against it by its patients or clients arising out of the rendering of professional services.

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