N.H. Rev. Stat. § 293-A:7.41

Current through Chapter 381 of the 2024 Legislative Session

Section 293-A:7.41 - 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.

RSA 293-A:7.41

Entire chapter repealed and reenacted by 2013, 142:1, eff. 1/1/2014.

2013, 142:1, eff. Jan. 1, 2014.