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Statute 21 276 — Nebraska Law | CourtGPT
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Nebraska Legal Code

Statute 21 276

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21-276. Standing.(MBCA 7.41) A shareholder may not commence or maintain a derivative proceeding unless the shareholder:(1) Was a shareholder of the corporation at the time of the act or omission complained of or became a shareholder through transfer by operation of law from one who was a shareholder at that time; and(2) Fairly and adequately represents the interests of the corporation in enforcing the right of the corporation.Source Laws 2014, LB749, § 76.