Subpart definitions.

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47-1A-740. Subpart definitions.

Terms used in §§47-1A-741 to 47-1A-747, inclusive, mean:

(1)"Derivative proceeding," a civil suit in the right of a domestic corporation or, to the extent provided in §47-1A-747, 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.

Source: SL 2005, ch 239, §123.


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