§ 1512
165 words·~1 min read·
/ca/corporations-code/1512A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(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.