{"data":{"id":"us-az/a.r.s.-10-741","jurisdiction":"us-az","citation":"A.R.S. § 10-741","heading":"Standing","body":"A shareholder may not commence or maintain a derivative proceeding unless the shareholder both:\n\n1. 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.\n\n2. Fairly and adequately represents the interests of the corporation in enforcing the right of the corporation.","path":["Title 10 Corporations and Associations"],"source_url":"https://www.azleg.gov/ars/10/00741.htm","current_through":"2026-09-04","vintage":"2026-08-09","retrieved_at":"2026-09-04T00:49:56Z","sha256":"a6d4137991f3eb712626ef9308c88a0286110138f4cbebae30c10f421801f508","source_id":"us-az","stale":true,"prev":"us-az/a.r.s.-10-740","next":"us-az/a.r.s.-10-742"},"notice":"GroundRules: Original legal text. Not legal advice."}