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Source Free Exercise Clause Complete Constitutional Law List Showing the closest available flashcard practice.

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0 tracked cards Business Associations

A shareholder brings a derivative suit but states that the only purpose is to pressure the corporation into buying the shareholder's stock at a premium.
Which derivative-suit requirement is most directly implicated?

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A derivative plaintiff must fairly and adequately represent the interests of the corporation. Adequacy is irrelevant in all derivative suits. Adequacy is determined solely by the plaintiff's age. Adequacy exists only if the plaintiff owns more than 90% of the shares.

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