Idaho Code § 30-29-741: STANDING.
Where this section sits in the code
- TITLE 30 CORPORATIONS
- CHAPTER 29 GENERAL BUSINESS CORPORATIONS
- 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