P.R. Laws tit. 14, § 4004
2019-02-20 00:00:00+00
In a derivative action, the plaintiff must be a member or an assignee of an LLC interest at the time of bringing the action and:
(1) At the time of the transaction of which the plaintiff complains, or
(2) the plaintiff’s status as a member or an assignee of an LLC interest had devolved upon the plaintiff by operation of law or pursuant to the terms of an LLCA from a person who was a member or an assignee of an LLC interest at the time of the transaction.
History —Dec. 16, 2009, No. 164, § 19.54.