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RSA 293-A:7.41 · Standing

Title
CORPORATIONS, ASSOCIATIONS, AND PROPRIETORS OF COMMON LANDS
Chapter
293-A · NEW HAMPSHIRE BUSINESS CORPORATION ACT
Status
current
Official source linked
Yes

Official source

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.

Source note

Source. 2013, 142:1, eff. Jan. 1, 2014.

Source history

  • 2013, 142:1, eff. Jan. 1, 2014

Related materials

Bills affecting or mentioning this RSA