GroundRules
O.C.G.A. § 14-2-741: Standing.
Where this section sits in the code
- TITLE 14 Corporations, Partnerships, and Associations
- CHAPTER 2 Business Corporations
- Article 7 Shareholders
- PART 4 Derivative Proceedings
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.
Collected 2026-09-17T19:34:57Z. Source file · JSON