State Codes and Statutes

Statutes > New-jersey > Title-42 > Section-42-2b > 42-2b-61

42:2B-61.    Derivative actions
    61. In a derivative action, the plaintiff must be a member at the time of bringing the action and:

   a.   At the time of the transaction of which he complains; or

   b.   His status as a member had devolved upon him by operation of law or pursuant to the terms of an operating agreement from a person who was a member at the time of the transaction.

   L.1993,c.210,s.61.

State Codes and Statutes

Statutes > New-jersey > Title-42 > Section-42-2b > 42-2b-61

42:2B-61.    Derivative actions
    61. In a derivative action, the plaintiff must be a member at the time of bringing the action and:

   a.   At the time of the transaction of which he complains; or

   b.   His status as a member had devolved upon him by operation of law or pursuant to the terms of an operating agreement from a person who was a member at the time of the transaction.

   L.1993,c.210,s.61.