{"data":{"id":"us-mt/35-14-741","jurisdiction":"us-mt","citation":"35-14-741","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 35. CORPORATIONS, PARTNERSHIPS, AND ASSOCIATIONS","CHAPTER 14. MONTANA BUSINESS CORPORATION ACT","Part 7. Shareholders"],"source_url":"https://mca.legmt.gov/bills/mca/title_0350/chapter_0140/part_0070/section_0410/0350-0140-0070-0410.html","current_through":"Montana Code Annotated 2025","vintage":"","retrieved_at":"2026-09-14T04:53:27Z","sha256":"6a8301fc4d9dd9b6f204e04cce27518870e3db9b90018da72adcce67c93a48d7","source_id":"us-mt","stale":false,"prev":"us-mt/35-14-740","next":"us-mt/35-14-742"},"notice":"GroundRules: Original legal text. Not legal advice."}