Damn, though does this mean Bruce still remains an official member, but one who is largely retired from touring bar the odd special appearance?
Does "official member" have much meaning at this point?
I'm not sure that Bruce has ever been a corporate owner.
As I understand it, "The Beach Boys" is a trademark of the corporate entity "Brother Records Inc" (appropriately known, for several reasons, as "BRI").
Original BRI was owned 20% each by Brian, Dennis, Carl, Mike and Al.
Following Denny's 1983 death, BRI bought out his stake as part of a deal to cover his various debts etc.
Thus, for approximately the next 14 years, BRI continued with Brian, Carl, Mike and Al owning 25% each.
Following Carl's 1998 death, his sons Justyn & Jonah inherited his 25% stake.
So from 1998, BRI continued with Brian 25%, Mike 25%, Al 25%, Justyn-Jonah 25%. A few years ago BRI sold a big share (half?) to Irving Azoff's Iconic compnay.
Who now controls Brian's share? Well, that's interesting question, isn't it? One would assume some sort of trustee on behalf of his natural and adoptedd kids.