21-275. Subpart definitions.
(MBCA 7.40) In sections 21-275 to 21-282:
(1) Derivative proceeding means a civil suit in the right of a domestic corporation or, to the extent provided in section 21-282, in the right of a foreign corporation.
(2) Shareholder means a record shareholder, a beneficial shareholder, and an unrestricted voting trust beneficial owner.
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