{"data":{"id":"us-wi/wis.-stat.-181.0741","jurisdiction":"us-wi","citation":"Wis. Stat. § 181.0741","heading":"Derivative proceedings; standing.","body":"A derivative proceeding may be brought in the right of a corporation or foreign corporation to procure a judgment in its favor by one or more members having 5 percent or more of the voting power or by 50 members, whichever is less, if each of these members meets all of the following conditions:\n(1) Membership. The member was a member of the corporation at the time of the act or omission complained of or became a member through transfer by operation of law from a person who was a member at that time.\n(2) Representing corporation’s interests. The member fairly and adequately represents the interests of the corporation in enforcing the right of the corporation.","path":["Chs. 178-226, Partnerships and Corporations; Transportation; Utilities; Banks; Savings Associations","Chapter 181 Nonstock Corporations","SUBCHAPTER VII MEMBER MEETINGS AND VOTING"],"source_url":"https://docs.legis.wisconsin.gov/document/statutes/181.0741","current_through":"2023-24 Wisconsin Statutes updated through 2025 Wis. Act 247 (published 9-4-26)","vintage":"","retrieved_at":"2026-09-05T12:01:02Z","sha256":"e4cee7135e477e8080d560525e200d2e54b5e6bff4c5d99ca8e22c737512ba35","source_id":"us-wi","stale":false,"prev":"us-wi/wis.-stat.-181.0740","next":"us-wi/wis.-stat.-181.0742"},"notice":"GroundRules: Original legal text. Not legal advice."}