Corporations Code section 160

(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 Section 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.

Source: Section 160, https://leginfo.­legislature.­ca.­gov/faces/codes_displaySection.­xhtml?lawCode=CORP§ionNum=160.­ (updated Jan. 1, 2000; accessed Jun. 9, 2025).

Last Updated

Jan. 1, 2000

§ 160’s source at ca​.gov