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Idaho · Through 2026 Legislative Session

Idaho Code § 30-29-741: STANDING.

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Where this section sits in the code
  1. TITLE 30 CORPORATIONS
  2. CHAPTER 29 GENERAL BUSINESS CORPORATIONS
  3. PART 7 SHAREHOLDERS

A shareholder may not commence or maintain a derivative proceeding unless the shareholder:

(a) 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 (1) who was a shareholder at that time; and

(b) Fairly and adequately represents the interests of the corporation in enforcing the right of the corporation.

Collected 2026-09-04T11:18:40Z. Source file · JSON

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