§ 17-16-142 — Number of shareholders

(a) For purposes of this act, the following identified as
a shareholder in a corporation's current record of shareholders
constitutes one (1) shareholder:
(i) Three (3) or fewer coowners;
(ii) A corporation, partnership, trust, estate, or
other entity;
(iii) The trustees, guardians, custodians, or other
fiduciaries of a single trust, estate, or account; or
(iv) One (1) data address.
(b) For purposes of this act, shareholdings registered in
substantially similar names constitute one (1) shareholder if it
is reasonable to believe that the names represent the same
person.