{"data":{"id":"us-ga/o.c.g.a.-14-3-741","jurisdiction":"us-ga","citation":"O.C.G.A. § 14-3-741","heading":"Standing.","body":"A derivative proceeding may be brought either by any director or by any member or members having 5 percent or more of the voting power or by 50 members, whichever is less. A director or members may not commence or maintain a derivative proceeding unless the director or members:\n(1) Was a director or were members of the corporation at the time of the act or omission complained of (or became a member through transfer by operation of law from one who was a member at that time); or is a director or are members at the time the proceeding is commenced; 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 3 Nonprofit Corporations","Article 7 Meetings","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":"06fc7f454bccc4c6c27358e0d4b5e4a45b087e15d9c4a5b71326daeea0159066","source_id":"us-ga","stale":false,"prev":"us-ga/o.c.g.a.-14-3-740","next":"us-ga/o.c.g.a.-14-3-742"},"notice":"GroundRules: Original legal text. Not legal advice."}