Up to six generations of a family are considered as one shareholder for purposes of the 100-shareholder limit.

Name: Up to six generations of a family are considered as one shareholder for purposes of the 100-shareholder limit.
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Quizplus · Accepted Answer

This is true. According to the Securities Exchange Act of 1934, up to six generations of a family are considered as one shareholder for purposes of the 100-shareholder limit. This exception is known as the "family shareholder rule."

Up to Six Generations of a Family Are Considered as One