{"data":{"id":"us-ma/mass.-gen.-laws-ch.-156d-7.41","jurisdiction":"us-ma","citation":"Mass. Gen. Laws ch. 156D, § 7.41","heading":"Standing","body":"Section 7.41. STANDING\nA 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":["Part I","Title XXII","Chapter 156D"],"source_url":"https://malegislature.gov/Laws/GeneralLaws/PartI/TitleXXII/Chapter156D/Section7.41","current_through":"amendments passed before May 31, 2026","vintage":"","retrieved_at":"2026-09-17T05:23:40Z","sha256":"1e3e200c954b88893cb5984d4296c49b4bce952f18db9c2eb3ff00db77f6d986","source_id":"us-ma","stale":false,"prev":"us-ma/mass.-gen.-laws-ch.-156d-7.40","next":"us-ma/mass.-gen.-laws-ch.-156d-7.42"},"notice":"GroundRules: Original legal text. Not legal advice."}