30-29-142. NUMBER OF SHAREHOLDERS. (a) For purposes of this chapter, the following identified as a shareholder in a corporation’s current record of shareholders constitutes one (1) shareholder:
(1) Three (3) or fewer co-owners;
(2) A corporation, partnership, trust, estate, or other entity; or
(3) The trustees, guardians, custodians, or other fiduciaries of a single trust, estate, or account.
(b) For purposes of this chapter, shareholdings registered in substantially similar names constitute one (1) shareholder if it is reasonable to believe that the names represent the same person.
History:
[30-29-142, added 2019, ch. 90, sec. 5, p. 231.]
Structure Idaho Code
Chapter 29 - GENERAL BUSINESS CORPORATIONS
Section 30-29-101 - SHORT TITLE.
Section 30-29-120 - REQUIREMENTS FOR DOCUMENTS — EXTRINSIC FACTS.
Section 30-29-123 - EFFECTIVE DATE OF FILED DOCUMENT.
Section 30-29-140 - CHAPTER DEFINITIONS.
Section 30-29-141 - NOTICES AND OTHER COMMUNICATIONS.
Section 30-29-142 - NUMBER OF SHAREHOLDERS.
Section 30-29-143 - QUALIFIED DIRECTOR.
Section 30-29-144 - HOUSEHOLDING.
Section 30-29-145 - DEFINITIONS.
Section 30-29-146 - DEFECTIVE CORPORATE ACTIONS.
Section 30-29-147 - RATIFICATION OF DEFECTIVE CORPORATE ACTIONS.
Section 30-29-148 - ACTION ON RATIFICATION.
Section 30-29-149 - NOTICE REQUIREMENTS.
Section 30-29-150 - EFFECT OF RATIFICATION.
Section 30-29-152 - JUDICIAL PROCEEDINGS REGARDING VALIDITY OF CORPORATE ACTIONS.