{"data":{"id":"us-al/ala.-code-10a-2a-7.42","jurisdiction":"us-al","citation":"Ala. Code § 10A-2A-7.42","heading":"Standing.","body":"A stockholder may commence or maintain a derivative action in the right of the corporation only if the stockholder:\n(1) fairly and adequately represents the interests of the corporation in enforcing the right of the corporation; and\n(2) either:\n(A) was a stockholder of the corporation at the time of the act or omission of which the stockholder complains; or\n(B) whose status as a stockholder devolved upon the person by operation of law from a person who was a stockholder at the time of the act or omission of which the stockholder complains.","path":["Title 10A Alabama Business and Nonprofit Entities Code.","Chapter 2A Alabama Business Corporation Law.","Article 7 Stockholders.","Division D Derivative Proceedings."],"source_url":"https://alison.legislature.state.al.us/code-of-alabama?section=10A-2A-7.42","current_through":"Act 2026-611","vintage":"","retrieved_at":"2026-09-03T14:01:53Z","sha256":"b614355f3b1c84f15149e7a334a1bf22f73551520bec7da7ff91e0f50632143b","source_id":"us-al","stale":false,"prev":"us-al/ala.-code-10a-2a-7.41","next":"us-al/ala.-code-10a-2a-7.43"},"notice":"GroundRules: Original legal text. Not legal advice."}