California Corporations Code

§ 605

CORP § 605 Effective Jan 1, 1995Div. 1 · Title 1 · Ch. 6

Statute text

(a)For the purpose of determining whether a corporation has outstanding shares held of record by 100 or more persons, shares shall be deemed to be “held of record” by each person who is identified as the owner of such shares on the record of shareholders maintained by or on behalf of the corporation, subject to the following:

(1)In any case where the record of shareholders has not been maintained in accordance with accepted practice, any additional person who would be identified as such an owner on such record if it had been maintained in accordance with accepted practice shall be included as a holder of record.

(2)Shares identified as held of record by a corporation, a partnership, a limited liability company, a trust, whether or not the trustees are named, or other organization shall be included as so held by one person.

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Legislative history

Amended by Stats. 1994, Ch. 1010, Sec. 65. Effective January 1, 1995.