Standing

Wis. Stat. § 180.0741
in effect
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A shareholder or beneficial owner may not commence or maintain a derivative proceeding unless the shareholder or beneficial owner satisfies all of the following: (1) Was a shareholder or beneficial owner of the corporation at the time of the act or omission complained of or became a shareholder or beneficial owner through transfer by operation of law from a person who was a shareholder or beneficial owner at that time. (2) Fairly and adequately represents the interests of the corporation in enforcing the right of the corporation.
Source: WI Statutes (Official Site)URL: https://docs.legis.wisconsin.gov/document/statutes/180.0741Fetched: 10/7/2026