260 Derivative claims
260 Derivative claims
Companies Act 2006 | Legislation

(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 members against unfair prejudice).