{"data":{"id":"us-ca/bpc-2412","jurisdiction":"us-ca","citation":"BPC § 2412","heading":"","body":"The Division of Licensing 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 (a) that the bylaws of a medical or podiatry corporation shall include a provision whereby the capital stock of such 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 such corporation within such time as such regulations may provide, and (b) that a medical or podiatry corporation shall provide adequate security by insurance or otherwise for claims against it by its patients arising out of the rendering of professional services.","path":["Business and Professions Code - BPC","DIVISION 2. HEALING ARTS [500. - 4999.202.]","CHAPTER 5. Medicine [2000. - 2529.8.1.]","ARTICLE 18. Corporations [2400. - 2417.5.]"],"source_url":"https://downloads.leginfo.legislature.ca.gov/pubinfo_2025.zip","current_through":"2026-09-13","vintage":"","retrieved_at":"2026-09-14T05:56:33Z","sha256":"23b06d1f68eb5fd2355623f9cdd83635ee06d587aeefe42532803d7a37a14851","source_id":"us-ca","stale":false,"prev":"us-ca/bpc-2411","next":"us-ca/bpc-2413"},"notice":"GroundRules: Original legal text. Not legal advice."}