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Me. Rev. Stat. tit. 13-C, § 751

Definitions

PL 2001, c. 640, §A2 (NEW)

As used in this subchapter, unless the context otherwise indicates, the following terms have the following meanings.

1. Derivative proceeding. "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.

2. Shareholder. "Shareholder" includes a beneficial owner whose shares are held in a voting trust or held by a nominee on the beneficial owner's behalf.

Official source: Maine Legislature. Reproduced from public-domain Maine statutes; confirm against the official source for the current text. Not legal advice.