Examples of Derivative proceeding in a sentence
Derivative proceeding" means a civil suit in the right of a domestic corporation or, to the extent provided in section 758, in the right of a foreign corporation.[PL 2001, c.
In this subchapter: (1) "Derivative proceeding" means a civil suit in the right of a domestic limited liability company or, to the extent provided by Section 101.462, in the right of a foreign limited liability company.
In this subchapter section: 7 (1) "Derivative proceeding" means a civil suit in the right of a domestic corporation or, to 8 the extent provided in subsection (h) of this section, in the right of a foreign corporation.
Another member of the company may apply to the court for permission to continue the claim brought by the company or any other member as derivative claim.22 Derivative proceeding in Scotland1.
In this subchapter:(1) "Derivative proceeding" means a civil suit in the right of a domestic limited liability company or, to the extent provided by Section 101.462, in the right of a foreign limited liability company.(2) "Member" includes a person who beneficially owns a membership interest through a voting trust or a nominee on the person's behalf.