Current with changes from the 2024 Legislative Session
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.