BlackletterCalifornia law

Financial Code § 31049

ARTICLE 3. Definitions

Current as of September 28, 2026Fin. Code, § 31049Official source ↗

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

“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.