Nebraska § 21-276 Standing

Nebraska Statutes

§ 21-276 — Standing

Nebraska·Ch. 21 Corporations and Other Companies

(MBCA 7.41) 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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(MBCA 7.41) 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.

Nebraska § 21-276 (Standing) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.