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2009 North Carolina Code
Chapter 55 - North Carolina Business Corporation Act.
§ 55-7-40. Shareholders' derivative actions.

Part 4. Derivative Proceedings.

§ 55‑7‑40.  Shareholders' derivative actions.

Subject to the provisions of G.S. 55‑7‑41 and G.S. 55‑7‑42, a shareholder may bring a derivative proceeding in the superior court of this State. The superior court has exclusive original jurisdiction over shareholder derivative actions. (1973, c. 469, s. 12; 1989, c. 265, s. 1; 1995, c. 149, s. 1.)

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