shareholder's derivative suit
shareholder's derivative suit n: derivative action

Merriam-Webster’s Dictionary of Law. . 1996.

Look at other dictionaries:

  • shareholder's derivative suit — See derivative action …   Ballentine's law dictionary

  • Derivative suit — A shareholder derivative suit is a lawsuit brought by a shareholder on behalf of a corporation against a third party. Often, the third party is an insider of the corporation, such as an executive officer or director. Shareholder derivative suits… …   Wikipedia

  • derivative suit — n. derivative action, legal suit filed by a shareholder in the name of a corporation …   English contemporary dictionary

  • stockholder's derivative suit — A legal action in which a shareholder of a corporation sues in the name of the corporation to enforce or defend a legal right because the corporation itself refuses to sue. Dictionary from West s Encyclopedia of American Law. 2005. stockholder s… …   Law dictionary

  • derivative action — n: a suit brought by a shareholder on behalf of a corporation or by a member on behalf of an association to assert a cause of action usu. against an officer which the corporation or association has itself failed to assert for its injuries –… …   Law dictionary

  • shareholder — share·hold·er n: one that owns a share in a fund (as a mutual fund) or property; esp: stockholder see also derivative action, equity 4c, proxy contest share·hold·ing …   Law dictionary

  • derivative action — n. derivative suit, legal suit filed by a shareholder in the name of a corporation …   English contemporary dictionary

  • derivative action — noun or derivative suit : a suit by a shareholder to enforce a corporate cause of action based upon a right of the corporation …   Useful english dictionary

  • derivative — Coming from another; taken from something preceding; secondary. That which has not its origin in itself, but owes its existence to something foregoing. Anything obtained or deduced from another @ derivative action A suit by a shareholder to… …   Black's law dictionary

  • derivative action —    A lawsuit brought by a corporation shareholder against the directors, management and/or other shareholders for a failure by management. The suing shareholder claims to be acting on behalf of the corporation because the directors and management …   Business law dictionary

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