2013 New Jersey Revised Statutes
Section 42:2C-69 - Proper plaintiff.

NJ Rev Stat § 42:2C-69 (2013) What's This?

42:2C-69 Proper plaintiff.

69.Proper Plaintiff.

a.Except as otherwise provided in subsection b. of this section, a derivative action under section 68 of this act 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.

b.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.

L.2012, c.50, s.69.

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