Montana § 35-14-741 Standing

Montana Statutes

§ 35-14-741 — Standing

Montana·Title 35 CORPORATIONS, PARTNERSHIPS, AND ASSOCIATIONS·Ch. 14 MONTANA BUSINESS CORPORATION ACT·Part 7 Shareholders

35-14-741 . Standing. A 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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35-14-741 . Standing. A 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.

Montana § 35-14-741 (Standing) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.