1. 1. For purposes of this chapter, any of the following identified as a shareholder in a corporation’s current record of shareholders constitutes one shareholder:

   1. a. Three or fewer co-owners.
   2. b. A corporation, partnership, trust, estate, or other entity.
   3. c. The trustees, guardians, custodians, or other fiduciaries of a single trust, estate, or account.
2. 2. For purposes of this chapter, shareholdings registered in substantially similar names constitute one shareholder if it is reasonable to believe that the names represent the same person.

2021 amendment effective January 1, 2022; 2021 Acts, ch 165, §230 Section stricken and rewritten

89 Acts, ch 288, §17; 2021 Acts, ch 165, §15, 230