Proper plaintiff
Known as the South Carolina Uniform Limited Liability Company Act
The act spans §§ 33–33 (94 sections).
Applied in 1 court decision — leading case Turner v. Hunt Hill Apartments, LLC (2020)
Most recently applied in Turner v. Hunt Hill Apartments, LLC (February 2020)
1996 Act No. 343, SECTION 2.
In a derivative action for a limited liability company, the plaintiff must be a member of the company when the action is commenced; and
(1) must have been a member at the time of the transaction of which the plaintiff complains; or
(2) the plaintiff's status as a member must have devolved upon the plaintiff by operation of law or pursuant to the terms of the operating agreement from a person who was a member at the time of the transaction.
Official source: South Carolina Legislature. Reproduced from public-domain South Carolina statutes; confirm against the official source for the current text. Not legal advice.