One Click Case Law for § 7-1-440
O.C.G.A. § 7-1-439 <-- --> O.C.G.A. §7-1-441

2010 Georgia Code

TITLE 7 - BANKING AND FINANCE

CHAPTER 1 - FINANCIAL INSTITUTIONS
ARTICLE 2 - BANKS AND TRUST COMPANIES
PART 10 - SHAREHOLDERS
§ 7-1-440 - Derivative actions by shareholders -- When proper

O.C.G.A. 7-1-440 (2010)
7-1-440. Derivative actions by shareholders -- When proper


A derivative action may be brought by a shareholder in the right of the bank or trust company to procure a judgment in its favor against directors, officers, or other representatives of the bank or trust company, or shareholders, or third parties, or any combination thereof, whenever the bank or trust company has a claim or cause of action which the representatives of the bank or trust company, in violation of their duties, have failed to enforce, including a claim or cause of action against such representatives for their failure in this respect.