Section 293-A:7.41 Standing. - New Hampshire Statutes

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. 1992, 255:1, eff. Jan. 1, 1993.