Idaho § 30-29-741 STANDING

Idaho Statutes

§ 30-29-741 — STANDING

Idaho·Title 30 CORPORATIONS·Part 7 SHAREHOLDERS·Ch. 29 GENERAL BUSINESS CORPORATIONS

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

(a)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 (1) who was a shareholder at that time; and

(b)Fairly and adequately represents the interests of the corporation in enforcing the right of the corporation.

Free access — add to your briefcase to read the full text and ask questions with AI

A shareholder may not commence or maintain a derivative proceeding unless the shareholder:
(a) 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 (1) who was a shareholder at that time; and
(b) Fairly and adequately represents the interests of the corporation in enforcing the right of the corporation.

Idaho § 30-29-741 (STANDING) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.