Wyoming § 17-16-741 Standing

Wyoming Statutes

§ 17-16-741 — Standing

Wyoming·Title 17 Corporations, Partnerships and Associations·Ch. 16 WYOMING BUSINESS CORPORATION ACT·Art. 7 SHAREHOLDERS

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

(i)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 the time; and

(ii)Fairly and adequately represents the interests of the corporation in enforcing the right of the corporation.

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(a) A shareholder may not commence or maintain a
derivative proceeding unless the shareholder:
(i) 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 the time; and
(ii) Fairly and adequately represents the interests
of the corporation in enforcing the right of the corporation.

Wyoming § 17-16-741 (Standing) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.