§ 4154
110 words·~1 min read·
/ca/business-and-professions-code/4154A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The board may adopt and enforce regulations to carry out the purposes and objectives of this article, including regulations requiring
(a)that the bylaws of a pharmacy 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 as the regulations may provide, and
(b)that a pharmacy corporation shall provide adequate security by insurance or otherwise for claims against it by its patients or clients arising out of the rendering of professional services.