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322C.0903 PROPER PLAINTIFF.

Subdivision 1.Member status required.

Except as otherwise provided in subdivision 2, a derivative action under section 322C.0902 may be maintained only by a person that is a member at the time the action is commenced and remains a member while the action continues.

Subd. 2.Effect of plaintiff death.

If the sole plaintiff in a derivative action dies while the action is pending, the court may permit another member of the limited liability company to be substituted as plaintiff.

History:

2014 c 157 art 1 s 66

Official Publication of the State of Minnesota
Revisor of Statutes