490.740 Part definitions.
67 words·~1 min read·
/ia/chapter-490-business-corporations/490-740·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
As used in this part:
1. “Derivative proceeding” means a civil suit in the right of a domestic corporation or, to the extent provided in section 490.747, in the right of a foreign corporation.
2. “Shareholder” means a record shareholder, a beneficial shareholder, and an unrestricted voting trust beneficial owner.
89 Acts, ch 288, §71; 2002 Acts, ch 1154, §23, 125; 2021 Acts, ch 165, §80, 230