53-212. Substantial stockholder, substantial partner, and substantial member, defined.
42 words·~1 min read·
/ne/chapter-53/53-212A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Substantial stockholder, substantial partner, or substantial member shall mean a stockholder of, partner in, or member of the wholesaler who owns fifty percent or more of the capital stock of a corporate wholesaler or of the partnership or the limited liability company.