California Corporations Code

§ 160

CORP § 160 Effective Jan 1, 2000Div. 1 · Title 1 · Ch. 1

Statute text

(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 Sections 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.

Legislative history

Amended by Stats. 1999, Ch. 437, Sec. 1. Effective January 1, 2000.