{"data":{"id":"us-sd/sdcl-47-1a-741","jurisdiction":"us-sd","citation":"SDCL § 47-1A-741","heading":"Standing.","body":"No shareholder may 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 47. CORPORATIONS","CHAPTER 47-1A. SOUTH DAKOTA BUSINESS CORPORATION ACT"],"source_url":"https://sdlegislature.gov/Statutes/47-1A-741","current_through":"2026-08-31","vintage":"","retrieved_at":"2026-09-03T15:18:57Z","sha256":"feee1d1da3fbee897cd7f3743ebbeed8e6f17c317c4a23db1f28aa17a2e7cd38","source_id":"us-sd","stale":true,"prev":"us-sd/sdcl-47-1a-740","next":"us-sd/sdcl-47-1a-742"},"notice":"GroundRules: Original legal text. Not legal advice."}