{"code":"FIN","codeName":"Financial Code","section":"31049","citation":"Fin. Code, § 31049","status":"in-force","lawOn":"2026-09-28","headings":[{"name":"DIVISION 15. BUSINESS AND INDUSTRIAL DEVELOPMENT CORPORATIONS [31000. - 31952.]","url":"https://blackletter.si/financial-code/division-15"},{"name":"CHAPTER 1. General Provisions [31000. - 31056.]","url":"https://blackletter.si/financial-code/division-15/chapter-1"},{"name":"ARTICLE 3. Definitions [31030. - 31056.]","url":"https://blackletter.si/financial-code/division-15/chapter-1/article-3"}],"history":"Added by renumbering Section 31047 by Stats. 1982, Ch. 1570, Sec. 5.","effective":null,"html":"<p>“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.</p>","text":"“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.","otherVersions":[],"url":"https://blackletter.si/financial-code/definitions-31049","source":"California Legislative Information bulk export (pubinfo)"}