Connecticut General Statutes 33-720 – Derivative proceedings. Definitions
Current as of: 2023 | Check for updates
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As used in sections 33-720 to 33-727, inclusive:
Terms Used In Connecticut General Statutes 33-720
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
(1) “Derivative proceeding” means a civil suit in the right of a domestic corporation or, to the extent provided in § 33-727, 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 beneficial owner’s behalf.