TITLE XXVII
CORPORATIONS, ASSOCIATIONS, AND PROPRIETORS OF COMMON LANDS

CHAPTER 293-A
NEW HAMPSHIRE BUSINESS CORPORATION ACT

Shareholders

Section 293-A:7.41

    293-A: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.

Source. 2013, 142:1, eff. Jan. 1, 2014.