K.S.A. § 17-76,131

- Proper plaintiff in a derivative action.

Last amended: 2014Year: 2026Length: 103 wordsSubsections: 2Official source
17-76,131. Proper plaintiff in a derivative action. 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: (a) At the time of the transaction of which the plaintiff complains; or (b) 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 an operating agreement from a person who was a member or an assignee of a limited liability company interest at the time of the transaction.
K.S.A. § 17-76,131: - Proper plaintiff in a derivative action. | Justis AI