35-14-740. Definitions -- derivative proceedings.
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/mt/title-35/chapter-14/part-7/35-14-740·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
35-14-740 . Definitions -- derivative proceedings. In 35-14-740 through 35-14-747 , the following definitions apply:
(1)"Derivative proceeding" means a civil suit in the right of a domestic corporation or, to the extent provided in 35-14-747 , in the right of a foreign corporation.
(2)"Shareholder" means a record shareholder, a beneficial shareholder, and an unrestricted voting trust beneficial owner.