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§ 79-4-7-40 — Mississippi Law | CourtGPT
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  2. Laws/
  3. Mississippi/
  4. Title 79 - Corporations, Associations, and Partnerships/
  5. Chapter 4 - Mississippi Business Corporation Act/
  6. Article 7 - Shareholders Sub/
  7. Subarticle D - Derivative Procedures/
  8. § 79-4-7-40
Mississippi Legal Code

§ 79-4-7-40

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In Sections 79-4-7.41 through 79-4-7.47:(1) 'Derivative proceeding' means a civil suit in the right of a domestic corporation or, to the extent provided in Section 79-4-7.47, in the right of a foreign corporation.(2) 'Shareholder' includes a beneficial owner whose shares are held in a voting trust or held by a nominee on the beneficial owner's behalf.Laws, 1987, ch. 486, § 7.40; Laws, 1993, ch. 368, § 3, eff. 7/1/1993.