Derivative proceedings. Definitions.

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As used in sections 33-720 to 33-727, inclusive:

(1) “Derivative proceeding” means a civil suit in the right of a domestic corporation or, to the extent provided in section 33-727, in the right of a foreign corporation.

(2) “Shareholder” includes a beneficial owner whose shares are held in a voting trust or held by a nominee on the beneficial owner's behalf.

(P.A. 94-186, S. 75, 215.)

History: P.A. 94-186 effective January 1, 1997.


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