Indiana Code > Title 23 > Article 1 > Chapter 32 – Derivative Proceedings


§ 23-1-32-1	Right to commence or maintain proceeding
§ 23-1-32-2	Complaint; stay of proceeding
§ 23-1-32-3	Discontinuance or settlement of proceeding
§ 23-1-32-4	Committee of disinterested directors or persons
§ 23-1-32-5	“Shareholder” defined

Complaint: A written statement by the plaintiff stating the wrongs allegedly committed by the defendant.
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.
Defendant: In a civil suit, the person complained against; in a criminal case, the person accused of the crime.
Equitable: Pertaining to civil suits in "equity" rather than in "law." In English legal history, the courts of "law" could order the payment of damages and could afford no other remedy. See damages. A separate court of "equity" could order someone to do something or to cease to do something. See, e.g., injunction. In American jurisprudence, the federal courts have both legal and equitable power, but the distinction is still an important one. For example, a trial by jury is normally available in "law" cases but not in "equity" cases. ^{Source: U.S. Courts}
Plaintiff: The person who files the complaint in a civil lawsuit.
Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.
Verified: when applied to pleadings, means supported by oath or affirmation in writing. See Indiana Code 1-1-4-5