There is a newer version of the Mississippi Code
2015 Mississippi Code
Title 79 - CORPORATIONS, ASSOCIATIONS, AND PARTNERSHIPS
Chapter 4 - MISSISSIPPI BUSINESS CORPORATION ACT
Article 7 - SHAREHOLDERS
D. DERIVATIVE PROCEDURES
§ 79-4-740 - Meaning of "derivative proceeding", "shareholder" in subarticle
MS Code § 79-4-740 (2015) What's This?
In Sections 79-4-7.41 through 79-4-7.47:
(1) "Derivative proceeding" means a civil suit in the right of a domestic corporation or, to the extent provided in Section 79-4-7.47, 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 beneficial owner's behalf.
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