tainted stock

Stock owned or transferred by a person disqualified from serving as a plaintiff in a derivative action.

• A good-faith transferee is also disqualified from filing a derivative action. [Cases: Corporations 207. C.J.S. Corporations §§ 402–404.]

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词条贡献者

法律翻译Jian，毕业于新加坡知名法学院，专注翻译各类与证券诉讼有关的法律文件。