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the Nebraska Revised Statutes
2015 Nebraska Revised Statutes
Chapter 21 - CORPORATIONS AND OTHER COMPANIES
21-276 Standing.
Universal Citation:
NE Code § 21-276 (2015)
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necessarily the official citation.
21-276. Standing.
(MBCA 7.41) 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
- Laws 2014, LB749, § 76.
- Operative Date: January 1, 2017
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