North Carolina General Statutes 55-7-49. Privileged communications
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Terms Used In North Carolina General Statutes 55-7-49
- 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.
In any derivative proceeding, no shareholder shall be entitled to obtain or have access to any communication within the scope of the corporation‘s attorney-client privilege that could not be obtained by or would not be accessible to a party in an action other than on behalf of the corporation. (1995, c. 149, s. 1.)