General Provisions and Definitions
Known as the General Corporation Law
The act spans §§ 100–2319 (398 sections).
Applied in 1 court decision — leading case Otay Land Co. v. U.E. Ltd., L.P. (2017)
Most recently applied in Otay Land Co. v. U.E. Ltd., L.P. (September 2017)
Amended by Stats. 1999, Ch. 437, Sec. 1
(a) Except as provided in subdivision (b), “control” means the possession, direct or indirect, of the power to direct or cause the direction of the management and policies of a corporation.
(b) “Control” in Sections 181, 1001, and 1200 means the ownership directly or indirectly of shares or equity securities possessing more than 50 percent of the voting power of a domestic corporation, a foreign corporation, or an other business entity.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.