{"data":{"id":"us-nc/n.c.-gen.-stat.-55-7-40.1","jurisdiction":"us-nc","citation":"N.C. Gen. Stat. § 55-7-40.1","heading":"Definitions.","body":"In this Part:\n(1)\t\"Derivative proceeding\" means a civil suit in the right of a domestic corporation or, to the extent provided in G.S. 55-7-47, in the right of a foreign corporation, to recover for an injury to the corporation.\n(2)\t\"Shareholder\" has the same meaning as in G.S. 55-1-40 and includes a beneficial owner whose shares are held in a voting trust or held by a nominee on the beneficial owner's behalf. (1995, c. 149, s. 1; 2025-33, s. 5(a).)","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_55-7-40.1.html","current_through":"S.L. 2026-30","vintage":"","retrieved_at":"2026-08-27T18:05:57Z","sha256":"3a1d1e72bb279b8cafc46e7700e88c552083051bdb3839f50bd9e84cb900a31a","source_id":"us-nc","stale":false,"prev":"us-nc/n.c.-gen.-stat.-55-7-40","next":"us-nc/n.c.-gen.-stat.-55-7-41"},"notice":"GroundRules: Original legal text. Not legal advice."}