N.C. Gen. Stat. § 55-7-40.1

Definitions.

Last amended: 2025Year: 2026Length: 76 wordsOfficial source
§ 55-7-40.1. Definitions. In this Part: (1) "Derivative proceeding" means a civil suit in the right of a domestic corporation or, to the extent provided in G.S. 55-7-47, in the right of a foreign corporation, to recover for an injury to the corporation. (2) "Shareholder" has the same meaning as in G.S. 55-1-40 and includes a beneficial owner whose shares are held in a voting trust or held by a nominee on the beneficial owner's behalf.
N.C. Gen. Stat. § 55-7-40.1: Definitions. | Justis AI