§ 293-a-7-41

293-A:7.41 Standing. – 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. 2013, 142:1, eff. Jan. 1, 2014.