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§ 4A-802. Conditions for plaintiff status

West's Annotated Code of MarylandCorporations and AssociationsEffective: October 1, 2012

West's Annotated Code of Maryland
Corporations and Associations
Title 4a. Limited Liability Company Act (Refs & Annos)
Subtitle 8. Derivative Actions
Effective: October 1, 2012
MD Code, Corporations and Associations, § 4A-802
§ 4A-802. Conditions for plaintiff status
The plaintiff in a derivative action shall:
(1) Be a member at the time the action is brought; and
(2)(i) Have been a member at the time of the transaction of which the plaintiff complains; or
(ii) Had membership status devolve upon the plaintiff by operation of law from a person who was a member at the time of the transaction.

Credits

Added by Acts 1992, c. 536. Amended by Acts 2012, c. 599, § 1, eff. Oct. 1, 2012; Acts 2012, c. 600, § 1, eff. Oct. 1, 2012.
MD Code, Corporations and Associations, § 4A-802, MD CORP & ASSNS § 4A-802
Current with all legislation from the 2023 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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