Mont. Code § 35-14-741

Current through the 2023 Regular Session

Section 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.

§ 35-14-741, MCA

Added by Laws 2019, Ch. 271,Sec. 84, eff. 6/1/2020.