Official Code of Georgia Annotated

Title 14. CORPORATIONS, PARTNERSHIPS, AND ASSOCIATIONS · Chapter 2. BUSINESS CORPORATIONS · Article 7. SHAREHOLDERS · Part 4. DERIVATIVE PROCEEDINGS

14-2-740. Definitions.

Active

Current through: Including Acts of the 2025 Regular Session of the General Assembly.

As used in this part, the term:
(1)
‘‘Derivative proceeding’’ means a civil suit in the right of a domestic corporation or, to the extent provided in Code Section 14-2-747, 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 owner’s behalf.#

The notes below are printed with the section but are not enacted law (O.C.G.A. § 1-1-1(c)). They are shown apart from the text.

History

Code 1981, § 14-2-740, enacted by Ga. L. 1988, p. 1070, § 1.

Law reviews

For article, ‘‘The Development of the Shareholder’s Direct Action Damage Remedy,’’ see 28 Ga. St. B. J. 195 (1992). For article, ‘‘Litigation Discovery and Corporate Governance: The Missing Story About the ‘Genius of American Corporate Law,’’’ see 63 Emory L.J. 1383 (2014).

Read the official page (the state's PDF, opened at the page this text was read from).

Current through: Including Acts of the 2025 Regular Session of the General Assembly.

Text read from t14-(v12)-2017-pdf.pdf, Volume V12, 2017 edition, page 203; merge action: annotated; file SHA-256 f2fad2b71b39.

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