Section 35-14-740 - Definitions - derivative proceedingsIn 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.Added by Laws 2019, Ch. 271,Sec. 83, eff. 6/1/2020.