{"data":{"id":"us-me/13-c-m.r.s.-752","jurisdiction":"us-me","citation":"13-C M.R.S. §752","heading":"Standing","body":"A shareholder may not commence or maintain a derivative proceeding unless the shareholder:\n1.  Shareholder at time of act or omission.  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\n2.  Represents interests.  Fairly and adequately represents the interests of the corporation in enforcing the right of the corporation.","path":["TITLE 13-C: MAINE BUSINESS CORPORATION ACT","CHAPTER 7: SHAREHOLDERS","SUBCHAPTER 4: DERIVATIVE PROCEEDINGS"],"source_url":"https://legislature.maine.gov/statutes/13-C/title13-Csec752.html","current_through":"October 1, 2025","vintage":"","retrieved_at":"2026-09-04T15:12:27Z","sha256":"a1a83cb4167dbbde865ef1a3f4de5617d812119115ab07a9a28251d1a7288262","source_id":"us-me","stale":false,"prev":"us-me/13-c-m.r.s.-751","next":"us-me/13-c-m.r.s.-753"},"notice":"GroundRules: Original legal text. Not legal advice."}