2010 Georgia Code 14-3-741 Case Law
Home
Menu


Jacksonville Attorney
Graham W. Syfert, Esq.

1650 Margaret St, Ste. 302, PMB#264
Jacksonville, FL 32204


Phone: 904-383-7448
E-mail: graham@syfert.com
Fax: 904-638-4726

Enter Code Number:
16-14-4 or 16-13-32

One Click Case Law for § 14-3-741
O.C.G.A. § 14-3-740 <-- --> O.C.G.A. §14-3-742



2010 Georgia Code

TITLE 14 - CORPORATIONS, PARTNERSHIPS, AND ASSOCIATIONS

CHAPTER 3 - NONPROFIT CORPORATIONS
ARTICLE 7 - MEETINGS
PART 4 - DERIVATIVE PROCEEDINGS
§ 14-3-741 - Standing

O.C.G.A. 14-3-741 (2010)
14-3-741. Standing


A derivative proceeding may be brought either by any director or by any member or members having 5 percent or more of the voting power or by 50 members, whichever is less. A director or members may not commence or maintain a derivative proceeding unless the director or members:

(1) Was a director or were members of the corporation at the time of the act or omission complained of (or became a member through transfer by operation of law from one who was a member at that time); or is a director or are members at the time the proceeding is commenced; and

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

Georgia Caselaw Research

Google Scholar

Graham Syfert - Jacksonville Lawyer

Home * About Graham Syfert * Contact Us * Map and Location
Graham's Personal Blog


Graham W. Syfert, Esq., P.A.
Phone: 904-383-7448
Fax: 904-638-4726

graham@syfert.com