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California · Through 2026-09-13

CORP § 1512

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Where this section sits in the code
  1. Corporations Code - CORP
  2. TITLE 1. CORPORATIONS [100. - 14707.]
  3. DIVISION 1. GENERAL CORPORATION LAW [100. - 2319.]
  4. CHAPTER 15. Records and Reports [1500. - 1512.]

(a) For the purposes of Sections 1509, 1510, and 1511, a shareholder includes (1) any person named in a share certificate as a shareholder or (2) any person named as a shareholder on the records of a central depository, bank, or broker-dealer with respect to shares which are subject to the control of the central depository, bank, or broker-dealer.

(b) A beneficiary of a trust, a beneficiary of the estate of a decedent, or an employee with respect to a pension, retirement, or health care trust or fund is not a shareholder of any shares standing in the name of the trust, the fund, the decedent, or the estate of the decedent.

(c) A person who is a shareholder by reason of paragraph (2) of subdivision (a) shall provide the corporation with a photocopy of a receipt of a statement from the central depository, bank, or broker-dealer showing the person to be a shareholder and the corporation shall accept the photocopy as sufficient evidence thereof.

Collected 2026-09-14T05:56:33Z. Source file · JSON

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