{"data":{"id":"us-hi/haw.-rev.-stat.-414-172","jurisdiction":"us-hi","citation":"Haw. Rev. Stat. § 414-172","heading":"Standing.","body":"A shareholder may not commence or maintain a derivative proceeding unless the shareholder:\n\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\n(2) Fairly and adequately represents the interests of the corporation in enforcing the right of the corporation.","path":["HI Code","Division 2","Title 23","Chapter 414"],"source_url":"http://www.capitol.hawaii.gov/hrscurrent/Vol08_Ch0401-0429/HRS0414/HRS_0414-0172.htm","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:11Z","sha256":"9185df3da31069528408a540bc8825c5484bd0ac97d767812fcbf280c0fbd915","source_id":"us-hi","stale":false,"prev":"us-hi/haw.-rev.-stat.-414-17","next":"us-hi/haw.-rev.-stat.-414-173"},"notice":"GroundRules: Original legal text. Not legal advice."}