Mass. Gen. Laws ch. 156D § 7.40

Current through Chapters 1 to 249 and Chapters 253 to 255 of the 2024 Legislative Session
Section 156D:7.40 - Subchapter definitions

In this SUBDIVISION the following words shall have the following meanings unless the context requires otherwise:

"Derivative proceeding", a civil suit in the right of a domestic corporation or, to the extent provided in section 7.47, 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.

Mass. Gen. Laws ch. 156D, § 7.40

Amended by Acts 2008, c. 451,§ 112, eff. 1/5/2009.
Added by Acts 2003, c. 127, § 17, eff. 7/1/2004.