2010 Georgia Code
TITLE 14 - CORPORATIONS, PARTNERSHIPS, AND ASSOCIATIONS
CHAPTER 3 - NONPROFIT CORPORATIONS
ARTICLE 7 - MEETINGS
PART 4 - DERIVATIVE PROCEEDINGS
§ 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 extent provided in Code Section 14-3-747
, in the right of a foreign corporation.
(2) "Member" includes those who are members under Code Section 14-3-140
, as well as any person who is entitled to some portion of the corporation's property upon dissolution, and any person or class of persons specifically designated in the corporation's bylaws or articles of incorporation as having standing to bring a derivative proceeding.
Graham Syfert - Jacksonville Lawyer