shareholder's derivative action

shareholder's derivative action
Category: Business, LLCs & Corporations → LLCs, Corporations, Partnerships, etc.

Nolo’s Plain-English Law Dictionary. . 2009.

Look at other dictionaries:

  • 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

  • shareholder's derivative suit — n: derivative action Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 …   Law dictionary

  • derivative action — A legal action brought by a shareholder on behalf of a company, when the company cannot itself decide to sue. A company will usually sue in its own name but if those against whom it has a cause of action are in control of the company (i.e.… …   Accounting dictionary

  • derivative action — A legal action brought by a shareholder on behalf of a company, when the company cannot itself decide to sue. A company will usually sue in its own name but if those against whom it has a cause of action are in control of the company (i. e.… …   Big dictionary of business and management

  • derivative action —    A lawsuit brought by a corporation shareholder against the directors, management and/or other shareholders for a failure by management. The suing shareholder claims to be acting on behalf of the corporation because the directors and management …   Business law dictionary

  • shareholder's derivative suit — See derivative action …   Ballentine's law dictionary

  • derivative action — noun or derivative suit : a suit by a shareholder to enforce a corporate cause of action based upon a right of the corporation …   Useful english dictionary

  • derivative action — n. derivative suit, legal suit filed by a shareholder in the name of a corporation …   English contemporary dictionary

  • shareholders' derivative action — noun A lawsuit brought on behalf of a corporation by a shareholder in that corporation, against a third party usually an insider of the corporation, such as an executive officer or director. Syn: shareholders derivative suit …   Wiktionary

  • 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

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