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.)

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.