13.1-611 - Number of shareholders.
§ 13.1-611. Number of shareholders.
A. For purposes of this chapter, the following identified as a shareholder ina corporation's current record of shareholders constitutes one shareholder:
1. Two or more co-owners;
2. A corporation, limited liability company, partnership, limitedpartnership, business trust, trust, estate, or other entity; or
3. The trustees, guardians, custodians, or other fiduciaries of a singletrust, estate, or account.
B. For purposes of this chapter, shareholdings registered in substantiallysimilar names constitute one shareholder if it is reasonable to believe thatthe names represent the same person.
(1985, c. 522; 2005, c. 765.)