There is a newer version of the New Jersey Revised Statutes
2009 New Jersey Code
TITLE 42 - PARTNERSHIPS AND PARTNERSHIP ASSOCIATIONS
Section 42:2B
42:2B-61 - Derivative actions
42:2B-61. Derivative actions 61. In a derivative action, the plaintiff must be a member at the time of bringing the action and:
a. At the time of the transaction of which he complains; or
b. His status as a member had devolved upon him by operation of law or pursuant to the terms of an operating agreement from a person who was a member at the time of the transaction.
L.1993,c.210,s.61.
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