Sec. 21.958. DERIVATIVE SUITS. (a) In this section, "shareholder" means: (1) shareholders of a public benefit corporation that own, individually or collectively, at least two percent of the corporation's outstanding shares; or (2) shareholders of a public benefit corporation the shares of which are listed on a national securities exchange that own at least the lesser of: (A) the percentage of shares described by Subdivision (1); or (B) shares whose market value is at least $2 million. (b) A shareholder of a public benefit corporation may maintain a derivative action on behalf of the corporation to enforce compliance with the requirements of Section 21.956 (a).
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