There is a newer version of the Maryland Code
2010 Maryland Code
CORPORATIONS AND ASSOCIATIONS
TITLE 4A - LIMITED LIABILITY COMPANY ACT
Subtitle 8 - Derivative Actions
Section 802 - Proper plaintiff.
§ 4A-802. Proper plaintiff.
The plaintiff in a derivative action shall:
(1) Be a member at the time the action is brought; and
(2) (i) Have been a member at the time of the transaction of which the plaintiff complains; or
(ii) Had membership status devolve upon the plaintiff by operation of law from a person who was a member at the time of the transaction.
[1992, ch. 536.]
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