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2010 Hawaii Code
DIVISION 2. BUSINESS
TITLE 23A. OTHER BUSINESS ENTITIES
428. Uniform Limited Liability Company Act
§428-1102 Proper plaintiff.


HI Rev Stat § 428-1102 (2010 through Reg Sess) What's This?

[§428-1102] Proper plaintiff. In a derivative action for a limited liability company, the plaintiff shall be a member of the company when the action is commenced, and:

(1) Shall have been a member at the time of the transaction of which the plaintiff complains; or

(2) The plaintiff's status as a member shall have devolved upon the plaintiff by operation of law or pursuant to the terms of the operating agreement from a person who was a member at the time of the transaction. [L 1996, c 92, pt of §1]

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