Number of shareholders.

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: a. Three or fewer co-owners. b. A corporation, partnership, trust, estate, or other entity. c. The trustees, guardians, custodians, or other fiduciaries of a single trust, estate, or account. 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. 89 Acts, ch 288, §17 ; 2021 Acts, ch 165, §15, 230