§ 4A-802
63 words·~1 min read·
/md/corporations-and-associations/4a-802·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§4A–802.
The plaintiff in a derivative action shall:
(1)Be a member at the time the action is brought; and
(i)Have been a member at the time of the transaction of which the plaintiff complains; or
(ii)Had membership status devolve upon the plaintiff by operation of law from a person who was a member at the time of the transaction.