Wyoming § 17-16-741 Standing

Wyoming Statutes

§ 17-16-741 — Standing

Wyoming § 17-16-741

Title 17Corporations, Partnerships and Associations

Ch. 16WYOMING BUSINESS CORPORATION ACT

Art. 7SHAREHOLDERS

This text of Wyoming § 17-16-741 (Standing) is published on Counsel Stack Legal Research, covering Wyoming primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Wyo. Stat. Ann. § 17-16-741 (2026).

Text

(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.

Free access — add to your briefcase to read the full text and ask questions with AI

(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.