• § 14-3-740 - 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...
• § 14-3-741 - Standing
  A derivative proceeding may be brought either by any director or by any member or members having 5 percent or more of the voting...
• § 14-3-742 - Demand for Suitable Action by Corporation Required
  (a) No derivative proceeding may be commenced until: (1) A written demand has been made upon the corporation to take suitable action; and (2)...
• § 14-3-743 - Stay of Proceeding
  If the corporation commences an inquiry into the allegations made in the demand or complaint, the court may stay any derivative proceeding for such...
• § 14-3-744 - Dismissal of Proceeding
  (a) The court may dismiss a derivative proceeding if, on motion by the corporation, the court finds that one of the groups specified in...
• § 14-3-745 - Discontinuance or Settlement of Proceeding Prohibited Without Court Approval
  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...
• § 14-3-746 - Payment of Expenses of Proceeding
  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...
• § 14-3-747 - 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