Meaning of “derivative proceeding,” “shareholder” in subarticle

Miss. Code Ann. § 79-4-7.40, under Shareholders.

Miss. Code Ann. § 79-4-7.40

(1) In Sections 79-4-7.41 through 79-4-7.47:(1) “Derivative proceeding” means a civil suit in the right of a domestic corporation or, to the extent provided in Section 79-4-7.47, in the right of a foreign corporation.(2) “Shareholder” includes a beneficial owner whose shares are held in a voting trust or held by a nominee on the beneficial owner’s behalf.

(1) “Derivative proceeding” means a civil suit in the right of a domestic corporation or, to the extent provided in Section 79-4-7.47, in the right of a foreign corporation.

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