stockholder's derivative suit
- stockholder's derivative suit
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Dictionary from West's Encyclopedia of American Law.
2005.
- stockholder's derivative suit
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A legal action in which a shareholder of a corporation sues in the name of the corporation to enforce or defend a legal right because the corporation itself refuses to sue.
Short Dictionary of (mostly American) Legal Terms and Abbreviations.
Look at other dictionaries:
stockholder's derivative suit — See derivative action … Ballentine's law dictionary
derivative suit — See stockholder s derivative action; derivative action … Black's law dictionary
derivative action — n: a suit brought by a shareholder on behalf of a corporation or by a member on behalf of an association to assert a cause of action usu. against an officer which the corporation or association has itself failed to assert for its injuries –… … Law dictionary
double derivative suit — An action, brought by a stockholder in a corporation which holds stock in a second corporation for wrongs to the second corporation, where it appears that neither corporation is willing to enforce the right of action. Anno: 154 ALR 1296 … Ballentine's law dictionary
suit — A generic term, of comprehensive signification, referring to any proceeding by one person or persons against another or others in a court of law in which the plaintiff pursues, in such court, the remedy which the law affords him for the redress… … Black's law dictionary
derivative — de·riv·a·tive 1 /də ri və tiv/ n: a contract or security that derives its value from that of an underlying asset (as another security) or from the value of a rate (as of interest or currency exchange) or index of asset value (as a stock index) ◇… … Law dictionary
derivative — Coming from another; taken from something preceding; secondary. That which has not its origin in itself, but owes its existence to something foregoing. Anything obtained or deduced from another @ derivative action A suit by a shareholder to… … Black's law dictionary
derivative — Coming from another; taken from something preceding; secondary. That which has not its origin in itself, but owes its existence to something foregoing. Anything obtained or deduced from another @ derivative action A suit by a shareholder to… … Black's law dictionary
shareholder — share·hold·er n: one that owns a share in a fund (as a mutual fund) or property; esp: stockholder see also derivative action, equity 4c, proxy contest share·hold·ing … Law dictionary
List of law topics (S-Z) — NOTOC Law [From Old English lagu something laid down or fixed ; legal comes from Latin legalis , from lex law , statute ( [http://www.etymonline.com/index.php?search=law searchmode=none Law] , Online Etymology Dictionary; [http://www.m… … Wikipedia
