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2018 Minnesota Statutes
Chapters 300 - 323A — BUSINESS, SOCIAL, AND CHARITABLE ORGANIZATIONS
Chapter 322C — MINNESOTA REVISED UNIFORM LIMITED LIABILITY COMPANY
Section 322C.0903 — PROPER PLAINTIFF.
Universal Citation: MN Stat § 322C.0903 (2018)
322C.0903 PROPER PLAINTIFF.
Subdivision 1. Member status required. Except as otherwise provided in subdivision 2, a derivative action under section 322C.0902 may be maintained only by a person that is a member at the time the action is commenced and remains a member while the action continues.
Subd. 2. Effect of plaintiff death. If the sole plaintiff in a derivative action dies while the action is pending, the court may permit another member of the limited liability company to be substituted as plaintiff.
History: 2014 c 157 art 1 s 66
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