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2025 California Code
Financial Code - FIN
DIVISION 15 - BUSINESS AND INDUSTRIAL DEVELOPMENT CORPORATIONS
CHAPTER 1 - General Provisions
ARTICLE 3 - Definitions
Section 31049.
Universal Citation:
CA Fin Code § 31049 (2025)
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31049. “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.
(Added by renumbering Section 31047 by Stats. 1982, Ch. 1570, Sec. 5.)
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