California CodesBusiness and Professions Code - BPCDivision 8 — Special Business RegulationsChapter 2 — Boxing, Wrestling, and Martial ArtsArticle 2 — General ProvisionsSection 18630
“Proprietary interest” means any membership, coownership, stock ownership, legal or beneficial interest, profit-sharing arrangement, or other proprietary interest, designated arranged or held, directly or indirectly in any form.
Notes
Defines proprietary interest to include membership, coownership, stock ownership, any legal or beneficial interest, a profit-sharing arrangement, or another proprietary interest. The definition applies whether the interest is designated, arranged, or held directly or indirectly and regardless of its form.
Use as reference
Lexinter.net | California Code, Business and Professions Code - BPC § 18630 | https://laws.lexinter.net/codes/california/business-and-professions-code/division-8/chapter-2/article-2/section-18630