There is a newer version
of
this Section
2019 Montana Code Annotated
Title 35. Corporations, Partnerships, and Associations
Chapter 14. Montana Business Corporation Act(effective June 1, 2020)
Part 7. Shareholders(Effective June 1, 2020)
35-14-740. Definitions -- derivative proceedings
Universal Citation: MT Code § 35-14-740 (2019)
35-14-740. Definitions -- derivative proceedings. In 35-14-740 through 35-14-747, the following definitions apply:
(1) "Derivative proceeding" means a civil suit in the right of a domestic corporation or, to the extent provided in 35-14-747, in the right of a foreign corporation.
(2) "Shareholder" means a record shareholder, a beneficial shareholder, and an unrestricted voting trust beneficial owner.
History: En. Sec. 83, Ch. 271, L. 2019.
Disclaimer: These codes may not be the most recent version. Montana may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
