{"data":{"id":"us-ma/mass.-gen.-laws-ch.-156d-7.40","jurisdiction":"us-ma","citation":"Mass. Gen. Laws ch. 156D, § 7.40","heading":"Subdivision definitions","body":"Section 7.40. SUBDIVISION DEFINITIONS\nIn this SUBDIVISION the following words shall have the following meanings unless the context requires otherwise:\n''Derivative proceeding'', a civil suit in the right of a domestic corporation or, to the extent provided in section 7.47, in the right of a foreign corporation.\n''Shareholder'' includes a beneficial owner whose shares are held in a voting trust or held by a nominee on the beneficial owner's behalf.","path":["Part I","Title XXII","Chapter 156D"],"source_url":"https://malegislature.gov/Laws/GeneralLaws/PartI/TitleXXII/Chapter156D/Section7.40","current_through":"amendments passed before May 31, 2026","vintage":"","retrieved_at":"2026-09-17T05:23:40Z","sha256":"e95291a618280c5a6204f8a283a3bef4a0f3067eafa78119bf98ea19030c8ba9","source_id":"us-ma","stale":false,"prev":"us-ma/mass.-gen.-laws-ch.-156d-7.32","next":"us-ma/mass.-gen.-laws-ch.-156d-7.41"},"notice":"GroundRules: Original legal text. Not legal advice."}