605.0803 Proper plaintiff.
84 words·~1 min read·
/fl/title-xxxvi/chapter-605/605-0803·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
A derivative action to enforce a right of a limited liability company may be commenced only by a person who 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 who was a member when the conduct giving rise to the action occurred.