A stockholder may commence or maintain a derivative action in the right of the corporation only if the stockholder:

1. (1) fairly and adequately represents the interests of the corporation in enforcing the right of the corporation; and

2. (2) either:

   1. (A) was a stockholder of the corporation at the time of the act or omission of which the stockholder complains; or
   2. (B) whose status as a stockholder devolved upon the person by operation of law from a person who was a stockholder at the time of the act or omission of which the stockholder complains.

(Act 2019-94, §1.)