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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
Currentness
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 through legislation effective through July 1, 2024, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
End of Document