Cal. Business and Professions Code § 2696
Cal. Business and Professions Code § 2696
California · California Business and Professions Code · Status: effective · Effective 1997-01-01
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- Citation
- Cal. Business and Professions Code § 2696, California, version 1 as recorded 2026-07-25, yourstate.us, https://yourstate.us/provision/771632
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Full text
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 physical therapy corporation shall include a provision whereby the capital stock of the 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 the corporation within the time as the regulations may provide, and (b) that a physical therapy corporation shall provide adequate security by insurance or otherwise for claims against it by its patients arising out of the rendering of professional services.