§ 1512. — 1512. (Added by Stats. 1987, Ch. 408, Sec. 4.)

(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.

Legislative History

Added by Stats. 1987, Ch. 408, Sec. 4.