SDCL § 47-1A-740: Subpart definitions.

Terms used in §§ 47-1A-741 to 47-1A-747, inclusive, mean:

(1) "Derivative proceeding," a civil suit in the right of a domestic corporation or, to the extent provided in § 47-1A-747, in the right of a foreign corporation;

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