§414-172 - Standing.
[§414-172] Standing. A shareholder maynot commence or maintain a derivative proceeding unless the shareholder:
(1) Was a shareholder of the corporation at the timeof the act or omission complained of or became a shareholder through transferby operation of law from one who was a shareholder at that time; and
(2) Fairly and adequately represents the interests ofthe corporation in enforcing the right of the corporation. [L 2000, c 244, ptof §1]