{"data":{"id":"us-nj/n.j.-stat.-14a-3-6.2","jurisdiction":"us-nj","citation":"N.J. Stat. § 14A:3-6.2","heading":"Conditions for commencing, maintaining proceeding.","body":"2.\tA 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 remains a shareholder throughout the derivative proceeding; and\n(2)\tfairly and adequately represents the interests of the corporation in enforcing the right of the corporation.\nL.2013, c.42, s.2.","path":["TITLE 14A CORPORATIONS, GENERAL"],"source_url":"https://pub.njleg.state.nj.us/statutes/STATUTES-TEXT.zip","current_through":"P.L.2025, c.405, and J.R.22","vintage":"","retrieved_at":"2026-08-27T17:54:13Z","sha256":"5096900cc638954aba768905eb8534c3f50ee51211eb4ef63e899e71d71cbede","source_id":"us-nj","stale":true,"prev":"us-nj/n.j.-stat.-14a-3-6.1","next":"us-nj/n.j.-stat.-14a-3-6.3"},"notice":"GroundRules: Original legal text. Not legal advice."}