Financial Code section 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.

Source: Section 31049, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=FIN§ionNum=31049. (updated Jan. 1, 1982; accessed Oct. 20, 2025).

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Up to date

Verified:
Oct. 20, 2025

§ 31049's source at ca.gov

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Location: https://california.public.law/codes/financial_code_section_31049

Original Source: Section 31049, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=FIN§ionNum=31049. (last accessed May 12, 2025).