2022 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 (2022)

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.

History. 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).

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