A derivative action to enforce a right of a limited liability company may be maintained only by a person that is a member at the time the action is commenced and: (1) Was a member when the conduct giving rise to the action occurred; or (2) whose status as a member devolved on the person by operation of law or pursuant to the terms of the operating agreement from a person that was a member at the time of the conduct.
Conn. Gen. Stat. § 34-271b
Derivative action. Proper plaintiff
Known as the Connecticut Uniform Limited Liability Company Act
The act spans §§ 34–34 (117 sections).
(P.A. 16-97, S. 66.) History: P.A. 16-97 effective July 1, 2017.
Official source: Connecticut General Assembly. Reproduced from public-domain Connecticut statutes; confirm against the official source for the current text. Not legal advice.