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§ 7.40 — Massachusetts Law | CourtGPT
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  7. § 7.40
Massachusetts Legal Code

§ 7.40

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SUBDIVISION DEFINITIONS\nIn this SUBDIVISION the following words shall have the following meanings unless the context requires otherwise:\n''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.\n''Shareholder'' includes a beneficial owner whose shares are held in a voting trust or held by a nominee on the beneficial owner's behalf.