A veterinary corporation is a corporation that 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 licensed veterinarians are in compliance with the Moscone-Knox Professional Corporation Act (Part 4 (commencing with Section 13400) of Division 3 of Title 1 of the Corporations Code), this article, and all other statutes and regulations pertaining to the corporation and the conduct of its affairs. With respect to a veterinary corporation, the governmental agency referred to in the Moscone-Knox Professional Corporation Act is the
board.
Veterinary MedicineVeterinary Corporations
Section § 4910
This section explains that a veterinary corporation is a company allowed to provide veterinary services if the corporation and its licensed veterinarians comply with specific professional and legal standards. These standards include the Moscone-Knox Professional Corporation Act, other relevant laws, and regulations. Additionally, the board is the government agency overseeing these corporations.
veterinary corporation licensed veterinarians professional services
Section § 4911
In California, any veterinary corporation must include the words "veterinary corporation" or similar wording that indicates it's a corporation in both its legal name and any professional service names it uses.
Notwithstanding any other provision of law, the name of a veterinary corporation and any name or names under which it renders professional services shall include the words “veterinary corporation” or wording or abbreviations denoting corporate existence.
veterinary corporation professional services corporate naming
Section § 4912
This law states that every director, shareholder, and officer of a veterinary corporation must be a licensed individual, according to the definitions in another section of the law, unless an exception applies as mentioned in a different section of the Corporations Code.
Except as provided in Section 13403 of the Corporations Code, each director, shareholder, and officer of a veterinary corporation shall be a licensed person as defined in Section 13401 of the Corporations Code.
veterinary corporation licensed person director requirements
Section § 4913
If a veterinary corporation earns income from professional services while one of the shareholders is not qualified (meaning they don't meet certain legal standards), that income cannot benefit the disqualified shareholder or their shares in the company.
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.
veterinary corporation professional services income disqualified person
Section § 4914
This law requires veterinary corporations to adhere to the same professional standards and regulations as individual licensed veterinarians. They must not engage in or overlook any behavior that would be considered unprofessional for a licensed veterinarian.
A veterinary 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 any statute, rule, or regulation now or hereafter in effect. In the conduct of its practice, it shall observe and be bound by such statutes, rules and regulations to the same extent as a person holding a license under Section 4848.
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Section § 4915
This law says that if you hold a professional license, you can get into trouble for breaking, trying to break, or helping someone break the Moscone-Knox Professional Corporation Act or any related regulations. Such actions are considered unprofessional conduct, and you could face penalties outlined in another section of the law.
It shall constitute unprofessional conduct and a violation of this chapter, punishable as specified in Section 4831, 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, the Moscone-Knox Professional Corporation Act (Part 4 (commencing with Section 13400), of Division 3 of Title 1 of the Corporations Code), this article, or any regulation adopted pursuant to those provisions.
unprofessional conduct licensed professional Moscone-Knox Act
Section § 4916
This law allows the board to create and enforce rules to ensure veterinary corporations run correctly. It requires these corporations to have rules for what happens to a disqualified or deceased person's shares, ensuring they are sold back to the corporation or to the other shareholders. Additionally, it mandates that veterinary corporations have adequate insurance or other protections for claims made by patients regarding their professional services.
The board may formulate and enforce rules and regulations to carry out the purposes and the objectives of this article, including rules and regulations requiring (1) that the articles of incorporation or bylaws of a veterinary 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 such time as such rules and regulations may provide, and (2) that a veterinary corporation shall provide adequate security by insurance or otherwise for claims against it by its patients arising out of the rendering of professional services.
veterinary corporation disqualified person shares
Section § 4917
This law states that you don't have to be a veterinary corporation to apply for or hold a certificate of registration for veterinary premises.
Nothing in this article requires an applicant for or a holder of a certificate of registration of veterinary premises described in Section 4853 to be a veterinary corporation.
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