Arizona § 10-741 Standing

Arizona Statutes

§ 10-741 — Standing

Arizona § 10-741

Title 10Arizona Revised Statutes

Ch. 7SHAREHOLDERS

Art. 4Derivative Proceedings

This text of Arizona § 10-741 (Standing) is published on Counsel Stack Legal Research, covering Arizona primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ariz. Rev. Stat. Ann. § 10-741 (2026).

Text

A shareholder may not commence or maintain a derivative proceeding unless the shareholder both:

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.

2.Fairly and adequately represents the interests of the corporation in enforcing the right of the corporation.

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A shareholder may not commence or maintain a derivative proceeding unless the shareholder both:

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.

2. Fairly and adequately represents the interests of the corporation in enforcing the right of the corporation.