17-76,131. Proper plaintiff.
17-76,131
17-76,131. Proper plaintiff. In a derivative action, the plaintiff must be a member at the time of bringing the action and:
(a) At the time of the transaction of which the member complains; or
(b) the member's status as a member had devolved upon the member by operation of law or pursuant to the terms of an operating agreement from a person who was a member at the time of the transaction.
History: L. 1999, ch. 119, § 70; Jan. 1, 2000.