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Montana Code Annotated · § 35-14-741 — Standing

35-14-741. Standing

A shareholder may not commence or maintain a derivative proceeding unless the shareholder:

(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

(2) fairly and adequately represents the interests of the corporation in enforcing the right of the corporation.

Source notes
History and annotations

En. Sec. 84, Ch. 271, L. 2019.

Official source for this version

Source captured 2026-09-25. Open the official source.

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