{"data":{"id":"us-nc/n.c.-gen.-stat.-55-7-40","jurisdiction":"us-nc","citation":"N.C. Gen. Stat. § 55-7-40","heading":"Shareholders' derivative actions.","body":"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.)","path":["Chapter 55. North Carolina Business Corporation Act.","Article 7. Shareholders.","Part 4. Derivative Proceedings."],"source_url":"https://www.ncleg.gov/EnactedLegislation/Statutes/HTML/BySection/Chapter_55/GS_55-7-40.html","current_through":"S.L. 2026-30","vintage":"","retrieved_at":"2026-08-27T18:05:57Z","sha256":"c16f2b91e88f020de15fec7aff35ee17892b5ad0d5f18c145f5265f1a13b68f2","source_id":"us-nc","stale":false,"prev":"us-nc/n.c.-gen.-stat.-55-7-32-through-55-7-39","next":"us-nc/n.c.-gen.-stat.-55-7-40.1"},"notice":"GroundRules: Original legal text. Not legal advice."}