New Jersey § 14A:3-6.2 Conditions for commencing, maintaining proceeding.

New Jersey Statutes

§ 14A:3-6.2 — Conditions for commencing, maintaining proceeding.

New Jersey § 14A:3-6.2

Title 14ACORPORATIONS, GENERAL

This text of New Jersey § 14A:3-6.2 (Conditions for commencing, maintaining proceeding.) is published on Counsel Stack Legal Research, covering New Jersey primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.J. Stat. Ann. § 14A:3-6.2 (2026).

Text

2. 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 remains a shareholder throughout the derivative proceeding; and (2) fairly and adequately represents the interests of the corporation in enforcing the right of the corporation. L.2013, c.42, s.2.

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2. 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 remains a shareholder throughout the derivative proceeding; and (2) fairly and adequately represents the interests of the corporation in enforcing the right of the corporation. L.2013, c.42, s.2.