{"data":{"id":"us-nc/n.c.-gen.-stat.-55-7-41","jurisdiction":"us-nc","citation":"N.C. Gen. Stat. § 55-7-41","heading":"Standing.","body":"A shareholder may not commence or maintain a derivative proceeding unless the shareholder:\n(1)\tWas 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)\tFairly and adequately represents the interests of the corporation in enforcing the right of the corporation. (1995, c. 149, s. 1.)","path":["Chapter 55. North Carolina Business Corporation Act.","Article 7. Shareholders.","Part 4. Derivative Proceedings."],"source_url":"https://www.ncleg.gov/EnactedLegislation/Statutes/HTML/BySection/Chapter_55/GS_55-7-41.html","current_through":"S.L. 2026-30","vintage":"","retrieved_at":"2026-08-27T18:05:57Z","sha256":"f1a746dc10278327516d0ac6b969fadd8628c2ff9ab8dec989dc237e3a0311fa","source_id":"us-nc","stale":false,"prev":"us-nc/n.c.-gen.-stat.-55-7-40.1","next":"us-nc/n.c.-gen.-stat.-55-7-42"},"notice":"GroundRules: Original legal text. Not legal advice."}