Neb. Rev. Stat. §§ 21-276

Current with changes through the 2024 First Special Legislative Session

Section 21-276 - Standing

(MBCA 7.41) 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.

Neb. Rev. Stat. §§ 21-276

Laws 2014, LB 749, § 76.