55-1-42. 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 shareholder:
(1) All co-owners of the same shares;
(2) A corporation, partnership, trust, estate, or other entity;
(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 shareholder if it is reasonable to believe that the names represent the same person. (1989, c. 265, s. 1.)
Structure North Carolina General Statutes
North Carolina General Statutes
Chapter 55 - North Carolina Business Corporation Act
Article 1 - General Provisions.
§ 55-1-02 - Reservation of power to amend or repeal.
§ 55-1-20 - Filing requirements.
§ 55-1-22 - Filing, service, and copying fees.
§ 55-1-28 - Certificate of existence.
§ 55-1-29 - Transferred to § 55D-18 by Session Laws 2001-358, s3(b).
§ 55-1-31 - Interrogatories by Secretary of State.
§ 55-1-33 - Information disclosed by interrogatories.
§ 55-1-40 - Chapter definitions.
§ 55-1-42 - Number of shareholders.
§ 55-1-50 - Electronic transactions.
§ 55-1-61 - Defective corporate actions.
§ 55-1-62 - Ratification of defective corporate actions.
§ 55-1-63 - Action on ratification.
§ 55-1-64 - Notice requirements.
§ 55-1-65 - Effect of ratification.
§ 55-1-67 - Judicial proceedings regarding validity of corporate actions.