• § 14-2-740 - Part Definitions
  As used in this part, the term: (1) "Derivative proceeding" means a civil suit in the right of a domestic corporation or, to the...
• § 14-2-741 - Standing
  A shareholder may not commence or maintain a derivative proceeding unless the shareholder: (1) Was a shareholder of the corporation at the time of...
• § 14-2-742 - Demand
  A shareholder may not commence a derivative proceeding until: (1) A written demand has been made upon the corporation to take suitable action; and...
• § 14-2-743 - Stay of Proceedings
  If the corporation commences an inquiry into the allegations made in the demand or complaint, the court may stay any derivative proceeding for such...
• § 14-2-744 - Dismissal
  (a) The court may dismiss a derivative proceeding if, on motion by the corporation, the court finds that one of the groups specified in...
• § 14-2-745 - Discontinuance or Settlement
  A derivative proceeding may not be discontinued or settled without the court's approval. If the court determines that a proposed discontinuance or settlement will...
• § 14-2-746 - Payment of Expenses
  On termination of the derivative proceeding the court may: (1) Order the corporation to pay the plaintiff's reasonable expenses (including attorneys' fees) incurred in...
• § 14-2-747 - Applicability to Foreign Corporations
  In any derivative proceeding in the right of a foreign corporation, the matters covered by this part shall be governed by the laws of...

Last modified: October 14, 2016