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2009 Nebraska Code
Chapter 21 CORPORATIONS AND OTHER COMPANIES
21-2071 Derivative proceedings; standing.

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.

Source
    Laws 1995, LB 109, ยง 71.



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