Iowa Code 490.740 – Part definitions
Current as of: 2024 | Check for updates
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As used in this part:
1. “Derivative proceeding” means a civil suit in the right of a domestic corporation or, to the extent provided in section 490.747, in the right of a foreign corporation.
Terms Used In Iowa Code 490.740
- Beneficial shareholder: means a person who owns the beneficial interest in shares, which may be a record shareholder or a person on whose behalf shares are registered in the name of an intermediary or nominee. See Iowa Code 490.140
- 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.
- Record shareholder: means any of the following:a. See Iowa Code 490.140
- Unrestricted voting trust beneficial owner: means , with respect to any shareholder rights, a voting trust beneficial owner whose entitlement to exercise the shareholder right in question is not inconsistent with the voting trust agreement. See Iowa Code 490.140
2. “Shareholder” means a record shareholder, a beneficial shareholder, and an unrestricted voting trust beneficial owner.