Massachusetts General Laws
Mass. Gen. Laws ch. 156D, § 7.41 (2026)
Standing
✓ text as last checked Sept. 2026 (this copy records no edition or section history)
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Section 7.41. 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.