State Codes and Statutes

State Codes and Statutes

Statutes > Nebraska > Chapter21 > 21-2071

21-2071. Derivative proceedings; 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 such time; and(2) Fairly and adequately represents the interests of the corporation in enforcing the right of the corporation. SourceLaws 1995, LB 109, § 71.