§ 898-1-P-1. Person Financially Interested.  


Latest version.
  • "Person Financially Interested" shall mean, for the corporation, any person who is an officer or a director or any shareholder holding more than 5% of the shares thereof, for a non-corporate business, any person who shares in any financial gain attributable to the business as a proprietor or owner or on the basis of a percentage in excess of 5% of gross or 10% of net revenue.

(Ordained by Ord. No. 233-1996, eff. Sept. 6, 1996)