Cal. Fin. Code § 31049

Current through the 2023 Legislative Session.

Section 31049 - Principal shareholder

"Principal shareholder", when used with respect to a corporation, means any person who owns, directly or indirectly, of record or beneficially, securities representing 10 percent or more of the voting power of such corporation.

Ca. Fin. Code § 31049

Added by renumbering Section 31047 by Stats. 1982, Ch. 1570, Sec. 5.