Alabama Code 10A-2A-7.41. Right of derivative action
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Terms Used In Alabama Code 10A-2A-7.41
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
A stockholder may commence or maintain a derivative action in the right of a corporation to enforce a right of the corporation by complying with this division.