2010 Massachusetts Code
PART I ADMINISTRATION OF THE GOVERNMENT
TITLE XXII CORPORATIONS
CHAPTER 156D BUSINESS CORPORATIONS
Section 7.40 Subdivision definitions
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.
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