Maine § 13-C §752 Standing

Maine Statutes

§ 13-C §752 — Standing

Maine § 13-C §752

Title 13-CMAINE BUSINESS CORPORATION ACT

Ch. 7SHAREHOLDERS

This text of Maine § 13-C §752 (Standing) is published on Counsel Stack Legal Research, covering Maine primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Me. Rev. Stat. tit. 13-C, § 13-C §752 (2026).

Text

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.