- shareholder's derivative action
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See: derivative actionCategory: Business, LLCs & Corporations → LLCs, Corporations, Partnerships, etc.
Nolo’s Plain-English Law Dictionary. Gerald N. Hill, Kathleen Thompson Hill. 2009.
shareholder's derivative action
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
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
action — ac·tion n [Latin actio legal proceeding, from agere to do, carry out, initiate legal proceedings] 1 a: a judicial proceeding for the enforcement or protection of a right, the redress or prevention of a wrong, or the punishment of a public offense … Law dictionary
