stockholders' derivative action
n.

Law dictionary. . 2013.

Look at other dictionaries:

  • stockholders' representative action — An action brought or maintained by a stockholder in behalf of himself and all others similarly situated. See also stockholder s derivative action …   Black's law dictionary

  • derivative action — An action brought by one or more stockholders of a corporation to enforce a corporate right or to prevent or remedy a wrong to the corporation in cases where the corporation, because it is controlled by the wrongdoers or for other reasons, fails… …   Ballentine's law dictionary

  • action — ac·tion n [Latin actio legal proceeding, from agere to do, carry out, initiate legal proceedings] 1 a: a judicial proceeding for the enforcement or protection of a right, the redress or prevention of a wrong, or the punishment of a public offense …   Law dictionary

  • class action — class or representative action A class action provides a means by which, where a large group of persons are interested in a matter, one or more may sue or be sued as representatives of the class without needing to join every member of the class.… …   Black's law dictionary

  • representative action — class or representative action A class action provides a means by which, where a large group of persons are interested in a matter, one or more may sue or be sued as representatives of the class without needing to join every member of the class.… …   Black's law dictionary

  • class or representative action — A class action provides a means by which, where a large group of persons are interested in a matter, one or more may sue or be sued as representatives of the class without needing to join every member of the class. This procedure is available in… …   Black's law dictionary

  • class or representative action — A class action provides a means by which, where a large group of persons are interested in a matter, one or more may sue or be sued as representatives of the class without needing to join every member of the class. This procedure is available in… …   Black's law dictionary

  • List of law topics (S-Z) — NOTOC Law [From Old English lagu something laid down or fixed ; legal comes from Latin legalis , from lex law , statute ( [http://www.etymonline.com/index.php?search=law searchmode=none Law] , Online Etymology Dictionary; [http://www.m… …   Wikipedia

  • stock — The goods and wares of a merchant or tradesman, kept for sale and traffic. In a larger sense, the capital of a merchant or other person, including his merchandise, money, and credits, or, in other words, the entire property employed in business.… …   Black's law dictionary

  • corporate opportunity — n. The opportunity available to someone closely related to a corporation to use corporate information or appropriate corporate business opportunities for his or her own personal gain; the corporate opportunity doctrine prohibits this kind of… …   Law dictionary

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