Cal. Corp. Code § 160

Current through the 2023 Legislative Session.
Section 160 - "Control" defined
(a) Except as provided in subdivision (b), "control" means the possession, direct or indirect, of the power to direct or cause the direction of the management and policies of a corporation.
(b) "Control" in Sections 181, 1001, and 1200 means the ownership directly or indirectly of shares or equity securities possessing more than 50 percent of the voting power of a domestic corporation, a foreign corporation, or an other business entity.

Ca. Corp. Code § 160

Amended 9/21/1999 (Bill Number: AB 198) (Chapter 437).