As used in this chapter:
(a) “Minority business enterprise” means a business concern which is all of the following:
(1) At least 51 percent owned by one or more minorities, or in the case of a publicly owned business, at least 51 percent of the stock of which is owned by one or more minorities.
(2) Managed by, and the daily business operations are controlled by, one or more minorities.
(3) A domestic corporation with its home office located in the United States.
(b) “Women business enterprise” means a business concern which is all of the following:
(1) At least 51 percent owned by a woman or, in the case of a publicly owned business, at least 51 percent of the stock of which is owned by one or more women.
(2) Managed by, and the daily business operations are controlled by, one or more women.
(3) A domestic corporation with its home office located in the United States.
(Added by Stats. 1988, Ch. 9, Sec. 3.)