2021 Georgia Code
Title 14 - Corporations, Partnerships, and Associations
Chapter 2 - Business Corporations
Article 7 - Shareholders
Part 4 - Derivative Proceedings
§ 14-2-740. Definitions

Universal Citation: GA Code § 14-2-740 (2021)

As used in this part, the term:

  1. "Derivative proceeding" means a civil suit in the right of a domestic corporation or, to the extent provided in Code Section 14-2-747, 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 owner's behalf.

(Code 1981, §14-2-740, enacted by Ga. L. 1988, p. 1070, § 1.)

Law reviews.

- For article, "The Development of the Shareholder's Direct Action Damage Remedy," see 28 Ga. St. B. J. 195 (1992). For article, "Litigation Discovery and Corporate Governance: The Missing Story About the 'Genius of American Corporate Law,"' see 63 Emory L.J. 1383 (2014). For annual survey on business associations, see 70 Mercer L. Rev. 19 (2018).

RESEARCH REFERENCES

Am. Jur. 2d.

- 19 Am. Jur. 2d, Corporations, § 1932 et seq.

C.J.S.

- 18 C.J.S., Corporations, §§ 372, 373, 482 et seq.

ALR.

- Causation in private civil actions by minority shareholders under proxy provisions of § 14 (a) of the Securities Exchange Act of 1934 (15 USCS § 78n (a)) and Securities Exchange Act (SEC) Rules thereunder - Post Virginia bankshares, 137 A.L.R. Fed 293.

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