Office of the Revisor of Statutes
2014 Minnesota Statutes
This is an historical version of this statute chapter. Also view the most recent published version.
322C.0903 PROPER PLAINTIFF.
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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.
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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:
NOTE: This chapter, as added by Laws 2014, chapter 157, article 1, sections 1 to 90, is effective August 1, 2015. Laws 2014, chapter 157, article 1, section 92.
Official Publication of the State of Minnesota
Revisor of Statutes