Substantial stockholder, substantial partner, or substantial member shall mean a stockholder of, partner in, or member of the wholesaler who owns fifty percent or more of the capital stock of a corporate wholesaler or of the partnership or the limited liability company.
Neb. Rev. Stat. § 53-212
Substantial stockholder, substantial partner, and substantial member, defined
Laws 1989, LB 371, § 12; Laws 1993, LB 121, § 323.
Official source: Nebraska Legislature. Reproduced from public-domain Nebraska statutes; confirm against the official source for the current text. Not legal advice.