260 Derivative claims
Companies Act 2006 | Legislation

Part 11 Derivative Claims and Proceedings by Members

Chapter 1
Derivative Claims in England and Wales or Northern Ireland

260  Derivative claims

(1)     This Chapter applies to proceedings in England and Wales or Northern Ireland by a member of a company—

(a)     in respect of a cause of action vested in the company, and

(b)     seeking relief on behalf of the company.

This is referred to in this Chapter as a “derivative claim”.

(2)     A derivative claim may only be brought—

(a)     under this Chapter, or

(b)     in pursuance of an order of the court in proceedings under section 994 (proceedings for protection of

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