CA AB2611

Adds Section 27 to the Government Code to define "California family-owned business" for use in any Government Code provision that explicitly references this definition.

A California family-owned business must be privately held, maintain principal executive office in California, operate for more than 10 continuous years, and be owned by related persons domiciled in California holding majority equity interests.

Requires the business to be controlled by one individual or two or more related persons holding at least 30 percent voting interest or operating as a sole proprietorship.

Defines "related persons" to include those related by common ancestor up to four generations, spouses, domestic partners, and family members such as parents, siblings, cousins, aunts, uncles, nieces, and nephews.

Requires businesses to demonstrate intent to operate as family-owned in the future through current multi-person related ownership, previous transfers between relatives, or written agreements for future transfers between related persons.