GroundRules
N.C. Gen. Stat. § 55-7-40: Shareholders' derivative actions.
Where this section sits in the code
- Chapter 55. North Carolina Business Corporation Act.
- Article 7. Shareholders.
- Part 4. Derivative Proceedings.
Subject to the provisions of G.S. 55-7-41 and G.S. 55-7-42, a shareholder may bring a derivative proceeding in the superior court of this State. The superior court has exclusive original jurisdiction over shareholder derivative actions. (1973, c. 469, s. 12; 1989, c. 265, s. 1; 1995, c. 149, s. 1.)
Collected 2026-08-27T18:05:57Z. Source file · JSON