S.D. Codified Laws § 47-34A-1103

Current through the 2024 Legislative Session
Section 47-34A-1103 - Proper plaintiff
(a) Except as otherwise provided in subsection (b), a derivative action under § 47-34A-1102 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.
(b) 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.

SDCL 47-34A-1103

SL 1998, ch 272, §1103; SL 2013, ch 233, §41.