55-7-40. Shareholders' derivative actions.
Subject to the provisions of G.S. 55-7-41 and G.S. 55-7-42, a shareholder may bring a derivative proceeding in the superior court of this State. The superior court has exclusive original jurisdiction over shareholder derivative actions. (1973, c. 469, s. 12; 1989, c. 265, s. 1; 1995, c. 149, s. 1.)
Structure North Carolina General Statutes
North Carolina General Statutes
Chapter 55 - North Carolina Business Corporation Act
§ 55-7-03 - Court-ordered meeting.
§ 55-7-04 - Action without meeting.
§ 55-7-05 - Notice of meeting.
§ 55-7-09 - Remote participation in meetings; meetings held solely by remote participation.
§ 55-7-20 - Shareholders' list for meeting.
§ 55-7-21 - Voting entitlement of shares.
§ 55-7-21.1 - Rights of holders of debt securities.
§ 55-7-23 - Shares held by nominees.
§ 55-7-24 - Corporation's acceptance of votes.
§ 55-7-25 - Quorum and voting requirements for voting groups.
§ 55-7-26 - Action by single and multiple voting groups.
§ 55-7-27 - Greater quorum or voting requirements.
§ 55-7-28 - Voting for directors; cumulative voting.
§ 55-7-31 - Shareholders' agreements.
§ 55-7-40 - Shareholders' derivative actions.
§ 55-7-43 - Stay of proceedings.
§ 55-7-45 - Discontinuance or settlement.
§ 55-7-46 - Payment of expenses.
§ 55-7-47 - Applicability to foreign corporations.
§ 55-7-48 - Suits against directors of public corporations.