{"data":{"id":"us-wy/wyo.-stat.-17-16-741","jurisdiction":"us-wy","citation":"Wyo. Stat. § 17-16-741","heading":"Standing.","body":"(a) A shareholder may not commence or maintain a derivative proceeding unless the shareholder:\n(i) 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 the time; and\n(ii) Fairly and adequately represents the interests of the corporation in enforcing the right of the corporation.","path":["TITLE 17 - CORPORATIONS, PARTNERSHIPS AND ASSOCIATIONS","CHAPTER 16 - WYOMING BUSINESS CORPORATION ACT","ARTICLE 7 - SHAREHOLDERS"],"source_url":"https://wyoleg.gov/statutes/compress/title17.pdf","current_through":"2026 Budget Session; as of 2026-07-01","vintage":"","retrieved_at":"2026-09-04T00:16:32Z","sha256":"279d5faead3e8ea682c67b672c40f9874ee3f91cb885d272fb455b6fcd3822e8","source_id":"us-wy","stale":false,"prev":"us-wy/wyo.-stat.-17-16-740","next":"us-wy/wyo.-stat.-17-16-742"},"notice":"GroundRules: Original legal text. Not legal advice."}