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The 193rd General Court of the Commonwealth of Massachusetts
  1. General Laws
  2. Part I ADMINISTRATION OF THE GOVERNMENT
  3. Title XXII CORPORATIONS
  4. Chapter 156D BUSINESS CORPORATIONS
  5. Section 7.40 Subdivision definitions

Section 7.40

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.