Georgia Statutes
§ 14-2-741 — Standing
Georgia·Title 14
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.
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Related
Ronald O. Pelletier v. Gary D. Zweifel, Ronald O. Pelletier v. Gary D. Zweifel
921 F.2d 1465 (Eleventh Circuit, 1991)
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450 S.E.2d 814 (Supreme Court of Georgia, 1994)
Argentum International, LLC v. Woods
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Stephens v. McGarrity
660 S.E.2d 770 (Court of Appeals of Georgia, 2008)
Haskins v. Haskins
629 S.E.2d 504 (Court of Appeals of Georgia, 2006)
Leventhal v. Post Properties, Inc.
624 S.E.2d 223 (Court of Appeals of Georgia, 2005)
Williams v. Service Corp. International
459 S.E.2d 621 (Court of Appeals of Georgia, 1995)
Ga. Appreciation Prop., Inc. v. Enclave at Riverwalk Townhome Ass'n, Inc.
812 S.E.2d 157 (Court of Appeals of Georgia, 2018)
Georgia Appreciation Property, Inc. v. Enclave at Riverwalk Townhome Association, Inc.
(Court of Appeals of Georgia, 2018)
Nearby Sections
15
§ 14-10-1
Short title§ 14-10-10
Ownership§ 14-10-17
Actions by or against associations§ 14-10-2
Definitions§ 14-10-3
Persons entitled to form association; purpose; limitation to one type of professional service§ 14-10-4
Formation