§ 29-808.03. Proper plaintiff.

Current through October 23, 2012

(a) Except as otherwise provided in subsection (b) of this section, a derivative action under § 29-808.02 shall 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 Superior Court may permit another member of the limited liability company to be substituted as plaintiff.

                
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(July 2, 2011, D.C. Law 18-378, § 2, 58 DCR 1720.)

HISTORICAL AND STATUTORY NOTES

Legislative History of Laws

For history of Law 18-378, see notes under § 29-101.01.

Uniform Law

This section is based on § 903 of the Uniform Limited Company Act (2006 Act). See Vol. 6B , Uniform Laws Annotated, Master Edition or ULA Database on Westlaw.