resources / Statutes / Nonprofit Corporations / §10-3630

Title 10 – Corporations and Associations

Chapter 29 – Members and Membership-nonprofit Corporations

Article 4 – Derivative Suits

  • In this article, unless the context otherwise requires:
    • 1. "Derivative proceeding" means a civil suit in the right of a domestic corporation or, to the extent provided in section 10-3637, in the right of a foreign corporation.
    • 2. "Independent person" means a person with no personal interest in the transaction and no personal or other relationship which influences the person.