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Mont. Code Ann. § 35-14-740

Definitions -- derivative proceedings

Known as the Montana Business Corporation Act

The act spans §§ 35–35 (243 sections).

En

In 35-14-740 through 35-14-747, the following definitions apply:

(1) "Derivative proceeding" means a civil suit in the right of a domestic corporation or, to the extent provided in 35-14-747, in the right of a foreign corporation.

(2) "Shareholder" means a record shareholder, a beneficial shareholder, and an unrestricted voting trust beneficial owner.

Official source: Montana Code Annotated (Montana Legislature). Reproduced from public-domain Montana statutes; confirm against the official source for the current text. Not legal advice.