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Minn. Stat. § 322C.0903

PROPER PLAINTIFF.

Known as the Minnesota Revised Uniform Limited Liability Company Act

The act spans §§ 322C.0101 to 322C.1205 (92 sections).

2014 c 157 art 1 s 66

Subdivision 1. Member status required.

Except as otherwise provided in subdivision 2, a derivative action under section 322C.0902 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.

Subd. 2. Effect of plaintiff death.

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.

Official source: Minnesota Office of the Revisor of Statutes. Reproduced from public-domain Minnesota statutes; confirm against the official source for the current text. Not legal advice.