Md. Code, Corp. & Ass'ns § 4A-802

Current with changes from the 2024 legislative session from Chs. 2 through 1049, effective on or before 6/1/2024

Section 4A-802 - Proper plaintiff

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.

Md. Code, CA § 4A-802