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§ 79-4-1.42. Number of shareholders

MS Code § 79-4-1.42 (2019) (N/A)
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(a) For purposes of Sections 79-4-1.01 et seq., the following identified as a shareholder in a corporation’s current record of shareholders constitutes one (1) shareholder:

(1) Three (3) or fewer co-owners;

(2) A corporation, partnership, trust, estate or other entity;

(3) The trustees, guardians, custodians or other fiduciaries of a single trust, estate or account.

(b) For purposes of Sections 79-4-1.01 et seq., shareholdings registered in substantially similar names constitute one (1) shareholder if it is reasonable to believe that the names represent the same person.

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