Massachusetts General Laws Part I. Administration of the Government (Ch. 1-182) Ch. 156D, § 7.40

SUBDIVISION DEFINITIONS

In this SUBDIVISION the following words shall have the following meanings unless the context requires otherwise:

“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.

“Shareholder” includes a beneficial owner whose shares are held in a voting trust or held by a nominee on the beneficial owner's behalf.