WI Bar Practice Questions - Wisconsin Bar Examination Exam

Under Wisconsin Statute Section 180.0742, shareholder derivative actions in Wisconsin require the plaintiff to:

Only file the lawsuit and serve the defendant Be a shareholder at the time of the act or omission complained of (or have become one by operation of law), fairly and adequately represent the interests of the corporation, and make a demand on the board first (unless demand is excused as futile) Be the largest shareholder Have a court order before filing

Correct Answer:

Be a shareholder at the time of the act or omission complained of (or have become one by operation of law), fairly and adequately represent the interests of the corporation, and make a demand on the board first (unless demand is excused as futile)

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