Substantial stockholder, substantial partner, and substantial member, defined.

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53-212. Substantial stockholder, substantial partner, and substantial member, defined.

Substantial stockholder, substantial partner, or substantial member shall mean a stockholder of, partner in, or member of the wholesaler who owns fifty percent or more of the capital stock of a corporate wholesaler or of the partnership or the limited liability company.

Source

  • Laws 1989, LB 371, § 12;
  • Laws 1993, LB 121, § 323.


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