Maine § 13-C §752 Standing

Maine Statutes

§ 13-C §752 — Standing

Maine·Title 13-C MAINE BUSINESS CORPORATION ACT·Ch. 7 SHAREHOLDERS

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

1.Shareholder at time of act or omission. 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.Represents interests. 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:
1.
Shareholder at time of act or omission.
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.
Represents interests.
Fairly and adequately represents the interests of the corporation in enforcing the right of the corporation.

Maine § 13-C §752 (Standing) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.