La. Corporations and Associations § 12:1-740

Current with operative changes from the 2024 Third Special Legislative Session

Section 12:1-740 - Subpart definitions

In this Subpart, the following meanings shall apply:

(1) "Derivative proceeding" means a civil suit in the right of a domestic corporation or, to the extent provided in R.S. 12:1-747, in the right of a foreign corporation.

(2) "Shareholder" means a record shareholder, a beneficial shareholder, and an unrestricted voting trust beneficial owner.

La. Corporations and Associations § 12:1-740

Acts 2014, No. 328, §1, eff. Jan. 1, 2015.

Added by Acts 2014, No. 328,s. 1, eff. 1/1/2015.