6 Del. C. § 18-1002

Proper plaintiff.

Last amended: 1998Year: 2026Length: 98 wordsOfficial source
In a derivative action, the plaintiff must be a member or an assignee of a limited liability company interest at the time of bringing the action and: (1) At the time of the transaction of which the plaintiff complains; or (2) The plaintiff’s status as a member or an assignee of a limited liability company interest had devolved upon the plaintiff by operation of law or pursuant to the terms of a limited liability company agreement from a person who was a member or an assignee of a limited liability company interest at the time of the transaction.
6 Del. C. § 18-1002: Proper plaintiff. | Justis AI