N.J. Stat. § 42:2C-69

Current through L. 2024, c. 80.
Section 42:2C-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.

N.J.S. § 42:2C-69

Added by L. 2012, c. 50,s. 69, eff. 3/18/2013.