490.740 Definitions.
In this part, unless the context otherwise requires:
1. “Derivative proceeding” means a civil suit in the right of a domestic corporation or, to the extent provided in section 490.747, 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.
89 Acts, ch 288, §71; 2002 Acts, ch 1154, §23, 125
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