25.15.386  <<  25.15.391 >>   25.15.396

Proper plaintiff.

In a derivative action, the plaintiff must be a member at the time of bringing the action and:
(1) At the time of the transaction of which the plaintiff complains; or
(2) The plaintiff's status as a member had devolved upon the person by operation of law or pursuant to the terms of a limited liability company agreement from a person who was a member at the time of the transaction.
Site Contents
Selected content listed in alphabetical order under each group