Acupuncture Corporations - Acupuncture - Business & Professions - CA

Section § 4975

This law explains that an acupuncture corporation can provide professional acupuncture services as long as it and its staff, including shareholders and directors, follow specific legal rules. These rules include the Moscone-Knox Professional Corporation Act, other related statutes, and regulations. It also states that the Acupuncture Board is the governmental agency in charge of acupuncture corporations in California.

An acupuncture corporation is a corporation which is authorized to render professional services, as defined in Section 13401 of the Corporations Code, so long as that corporation and its shareholders, officers, directors, and employees rendering professional services who are acupuncturists are in compliance with the Moscone-Knox Professional Corporation Act, this article and all other statutes and regulations now or hereafter enacted or adopted pertaining to that corporation and the conduct of its affairs.

With respect to an acupuncture corporation, the governmental agency referred to in the Moscone-Knox Professional Corporation Act is the Acupuncture Board.

acupuncture corporation professional services Moscone-Knox Professional Corporation Act ...

Section § 4976

This law says that if someone with a professional license breaks any rules in this chapter, or tries to break them, helps someone else do it, or plans to do it, they are behaving unprofessionally and violating the law. This includes breaking any parts of the Moscone-Knox Professional Corporation Act or related regulations.

It shall constitute unprofessional conduct and a violation of this chapter for any person licensed under this chapter to violate, attempt to violate, directly or indirectly, or assist in or abet the violation of, or conspire to violate, any provision or term of this article, the Moscone-Knox Professional Corporation Act, or any regulations duly adopted under those laws.

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Section § 4977

An acupuncture corporation must follow all rules and avoid any actions considered unprofessional, just like individual licensed acupuncturists. They must comply with all regulations as if they were personally licensed.

An acupuncture corporation shall not do or fail to do any act the doing of which or the failure to do which would constitute unprofessional conduct under Article 4 (commencing with Section 4955). In the conduct of its practice, it shall observe and be bound by statutes and regulations to the same extent as a person holding a license under this chapter.

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Section § 4977.1

This law says that if someone owns shares in an acupuncture corporation but becomes disqualified for some reason, any money made from providing professional services can't go to that person or their shares.

The income of an acupuncture 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 such shareholder or his or her shares in the acupuncture corporation.

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Section § 4977.2

Under this law, all directors, shareholders, and officers of an acupuncture corporation, except for roles like assistant secretary and assistant treasurer, must have a professional license as described by another section of the law. This ensures that the key people running such a corporation are qualified professionals.

Except as provided in Section 13403 of the Corporations Code, each director, shareholder, and officer of an acupuncture corporation, except an assistant secretary and an assistant treasurer, shall be a licensed person as defined by Section 13401 of the Corporations Code.

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Section § 4978

If you're naming an acupuncture corporation in California, it must include the word 'acupuncture' or 'acupuncturist.' It also needs to have words or abbreviations that show it's a corporation.

The name of an acupuncture corporation and any name or names under which it may render professional services shall contain words “acupuncture” or “acupuncturist” and wording or abbreviations denoting corporate existence.

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Section § 4979

This law allows the board to create rules for maintaining the objectives of acupuncture corporations. Specifically, it can require that the corporation's bylaws ensure that any stock owned by someone who can't practice (a 'disqualified person') or someone who has died is bought back by the corporation or other shareholders within a certain timeframe. Additionally, the corporation must have insurance or other means to cover any claims from patients related to professional services provided.

The board may adopt and enforce regulations to carry out the purposes and objectives of this article, including, but not limited to, regulations requiring (a) that the bylaws of an acupuncture 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 the regulations may provide, and (b) that an acupuncture corporation shall provide adequate security by insurance or otherwise for claims against it by its patients arising out of the rendering of professional services.

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