Section 30-25-803 - PROPER PLAINTIFFA derivative action to enforce a right of a limited liability company may be maintained only by a person that is a member at the time the action is commenced and:
(1) Was a member when the conduct giving rise to the action occurred; or(2) Whose status as a member devolved on the person by operation of law or pursuant to the terms of the operating agreement from a person that was a member at the time of the conduct.[30-25-803, added 2015, ch. 243, sec. 50, p. 895.]Added by 2015 Session Laws, ch. 243,sec. 50, eff. 7/1/2015.