Who may commence or maintain derivative proceeding.

Miss. Code Ann. § 79-4-7.41
in effect
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A shareholder may not commence or maintain a derivative proceeding unless the shareholder: 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 Fairly and adequately represents the interests of the corporation in enforcing the right of the corporation.
Source: Public.Resource.Org MS CodeURL: https://unicourt.github.io/cic-code-ms/transforms/ms/ocms/r78/gov.ms.code.title.79.htmlFetched: 10/18/2026

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