The restrictions on the ownership of the shares of professional corporations shall apply to both the legal and equitable title to such shares.

Note: Authority cited: Sections 4933 and 4979, Business and Professions Code. Reference: Sections 13406 and 13407, Corporations Code.

History

1. Amendment filed 8-5-81; effective thirtieth day thereafter (Register 81, No. 32).

2. Renumbering of former Section 1399.480 to Section 1399.478 filed 9-8-89; operative 10-8-89 (Register 89, No. 37). For prior history of former Section 1399.478, see registers, 85, No. 10 and 81, No. 32.