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.