{"data":{"id":"us-ga/o.c.g.a.-14-2-741","jurisdiction":"us-ga","citation":"O.C.G.A. § 14-2-741","heading":"Standing.","body":"A shareholder may not commence or maintain a derivative proceeding unless the shareholder:\n(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\n(2) Fairly and adequately represents the interests of the corporation in enforcing the right of the corporation.","path":["TITLE 14 Corporations, Partnerships, and Associations","CHAPTER 2 Business Corporations","Article 7 Shareholders","PART 4 Derivative Proceedings"],"source_url":"https://archive.org/download/gov.ga.ocga.2018/release86.2022.11/gov.ga.ocga.title.14.odt","current_through":"Release 86 (2022-11)","vintage":"Public.Resource.Org bulk O.C.G.A., Release 86 (2022-11), retrieved 2026-09-17","retrieved_at":"2026-09-17T19:34:57Z","sha256":"c03ef57d5ddc63efc6781259db3fe96a279a1580bbeba924f9d1ecc3a75f353b","source_id":"us-ga","stale":false,"prev":"us-ga/o.c.g.a.-14-2-740","next":"us-ga/o.c.g.a.-14-2-742"},"notice":"GroundRules: Original legal text. Not legal advice."}