Massachusetts § 7.41 Standing

Massachusetts Statutes

§ 7.41 — Standing

Massachusetts § 7.41

Part IADMINISTRATION OF THE GOVERNMENT

Title XXIICORPORATIONS

Ch. 156DBUSINESS CORPORATIONS

This text of Massachusetts § 7.41 (Standing) is published on Counsel Stack Legal Research, covering Massachusetts primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Mass. Gen. Laws ch. 156D, § 7.41 (2026).

Text

Section 7.41. STANDINGA 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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Section 7.41. STANDINGA 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.