§ 47-1A-740 Subpart definitions.

SD Codified L § 47-1A-740 (2019) (N/A)
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47-1A-740. Subpart definitions. Terms used in §§ 47-1A-741 to 47-1A-747, inclusive, mean:

(1) "Derivative proceeding," a civil suit in the right of a domestic corporation or, to the extent provided in § 47-1A-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.Source: SL 2005, ch 239, § 123.