[§428-1102] Proper plaintiff. In a derivative action for a limited liability company, the plaintiff shall be a member of the company when the action is commenced, and:
(1) Shall have been a member at the time of the transaction of which the plaintiff complains; or
(2) The plaintiff's status as a member shall have devolved upon the plaintiff by operation of law or pursuant to the terms of the operating agreement from a person who was a member at the time of the transaction. [L 1996, c 92, pt of §1]
Section: Previous 428-1005.5 428-1006 428-1007 428-1008 428-1009 428-1010 428-1101 428-1102 428-1103 428-1104 428-1201 428-1202 428-1203 428-1204 428-1301 NextLast modified: October 27, 2016