Idaho § 30-29-741 STANDING

Idaho Statutes

§ 30-29-741 — STANDING

Idaho § 30-29-741

Title 30CORPORATIONS

Part 7SHAREHOLDERS

Ch. 29GENERAL BUSINESS CORPORATIONS

This text of Idaho § 30-29-741 (STANDING) is published on Counsel Stack Legal Research, covering Idaho primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Idaho Code § 30-29-741 (2026).

Text

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.

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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.