§414-171 - Definitions.

D.  Derivative Proceedings

 

     [§414-171]  Definitions.  As used in this subpart:

     "Derivative proceeding" means a civil suit in the right of a domestic corporation or, to the extent provided in section 414‑178, in the right of a foreign corporation.

     "Shareholder" includes a beneficial owner whose shares are held in a voting trust or held by a nominee on the beneficial owner's behalf. [L 2000, c 244, pt of §1]