Section 7.40 Subdivision definitions - Massachusetts Statutes

Section 7.40. SUBDIVISION DEFINITIONS

In this SUBDIVISION the following words shall have the following meanings unless the context requires otherwise:

“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.

“Shareholder” includes a beneficial owner whose shares are held in a voting trust or held by a nominee on the beneficial owner’s behalf.