§ 25.15.375. 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 him or her 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.
[1994 c 211 § 1002.]
Sections: Previous 25.15.345 25.15.350 25.15.355 25.15.360 25.15.365 25.15.366 25.15.370 25.15.375 25.15.380 25.15.385 25.15.395 25.15.400 25.15.405 25.15.410 25.15.415 NextLast modified: April 7, 2009