As used in this subchapter, unless the context otherwise requires:
(1) "Beneficial owner" means an individual who is the grantor and sole trustee of a revocable living trust wherein the individual reserves the unrestricted right to revoke the trust;
(2) "Professional service" means any type of professional service which may be legally performed only pursuant to a license or other legal personal authorization for example, the personal service rendered by certified public accountants, architects, engineers, dentists, doctors, and attorneys at law; and
(3) "Shareholder" means either:
(A) The person in whose name shares are registered in the records of a corporation; or
(B) The beneficial owner of shares of a revocable living trust where the shares are registered in the records of the corporation in the name of the revocable living trust.
Section: 4-29-202 4-29-203 4-29-204 4-29-205 4-29-206 4-29-207 4-29-208 4-29-209 4-29-210 4-29-211 4-29-212 4-29-213 NextLast modified: November 15, 2016