West Virginia § 31D-1-152 Number of shareholders

West Virginia Statutes

§ 31D-1-152 — Number of shareholders

West Virginia § 31D-1-152

Ch. 31DWEST VIRGINIA BUSINESS CORPORATION ACT

Art. 1GENERAL PROVISIONS

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Bluebook

W. Va. Code § 31D-1-152 (2026).

Text

(a)For purposes of this chapter, the following, identified as a shareholder in a corporation's current record of shareholders, constitutes one shareholder:

(1)Three or fewer coowners;

(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 shareholder if it is reasonable to believe that the names represent the same person.

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(a) For purposes of this chapter, the following, identified as a shareholder in a corporation's current record of shareholders, constitutes one shareholder:

(1) Three or fewer coowners;

(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 shareholder if it is reasonable to believe that the names represent the same person.