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2023 Wisconsin Statutes & Annotations
Chapter 183 - Uniform limited liability company law.
183.0803 - Proper plaintiff.
Universal Citation: WI Stat § 183.0803 (2023)
183.0803 Proper plaintiff. A derivative action to enforce a right of a limited liability company may be maintained only by a person that is a member at the time the action is commenced and to which any of the following applies:
(1) The person was a member when the conduct giving rise to the action occurred.
(2) The person's status as a member devolved on the person by operation of law or pursuant to the terms of the operating agreement from a person that was a member at the time of the conduct.
History: 2021 a. 258.
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