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2021 Arizona Revised Statutes
Title 29 - Partnership
§ 29-3803 - Proper plaintiff
Universal Citation: AZ Rev Stat § 29-3803 (2021)
29-3803. Proper plaintiff
A person may maintain a derivative action to enforce a right of a limited liability company only if the person is a member at the time the action is commenced and either:
1. The person was a member when the conduct giving rise to the action occurred.
2. The person's status as a member devolved on the person by operation of law or pursuant to the terms of the operating agreement from another person that was a member at the time of the conduct.
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