Me. Stat. tit. 13-C § 751 : C - MAINE BUSINESS CORPORATION ACT — SHAREHOLDERS — DERIVATIVE PROCEEDINGS — Definitions

As used in this subchapter, unless the context otherwise indicates, the following terms have the following meanings. [ 2001, c. 640, Pt. A, §2 (NEW); 2001, c. 640, Pt. B, §7 (AFF).]

1. Derivative proceeding. "Derivative proceeding" means a civil suit in the right of a domestic corporation or, to the extent provided in section 758, in the right of a foreign corporation.

[ 2001, c. 640, Pt. A, §2 (NEW); 2001, c. 640, Pt. B, §7 (AFF).]

2. Shareholder. "Shareholder" includes a beneficial owner whose shares are held in a voting trust or held by a nominee on the beneficial owner's behalf.

[ 2001, c. 640, Pt. A, §2 (NEW); 2001, c. 640, Pt. B, §7 (AFF).]

13-C M.R.S. § 751

2001, c. 640, §A2 (NEW) . 2001, c. 640, §B7 (AFF) .
SECTIONS