 |
California Law (Last Updated: March 4, 2014) |
 |
Business and Professions Code - BPC |
|
Division 2. HEALING ARTS |
|
Chapter 5.3. Speech-Language Pathologists and Audiologists |
|
ARTICLE 7. Speech-Language Pathology Corporations and Audiology Corporations |
Section 2537.5.
-
The board may adopt and enforce regulations to carry out the purposes and objectives of this article, and the Moscone-Knox Professional Corporation Act, including regulations requiring any of the following:
(a) That the bylaws of a speech-language pathology corporation or an audiology 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 by the estate of a deceased person shall be sold to the corporation or to the remaining shareholders of the corporation within that time as the regulations may provide.
(b) That a speech-language pathology corporation or an audiology corporation shall provide adequate security by insurance or otherwise for claims against it by its patients arising out of the rendering of professional services.