Minn. Stat. § 322C.0903

Current through 2024, c. 127
Section 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.

Minn. Stat. § 322C.0903

2014 c 157 art 1 s 66

Added by 2014 Minn. Laws, ch. 157,s 1-66, eff. 8/1/2015.