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2018 New Jersey Revised Statutes
Title 42 - PARTNERSHIPS AND PARTNERSHIP ASSOCIATIONS
Chapter 2C - Revised Uniform Limited Liability Company Act
Section 42:2C-69 - Proper plaintiff.
Universal Citation: NJ Rev Stat § 42:2C-69 (2018)
Section: 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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