UTAH CODE (Last Updated: January 16, 2015) |
Title 48. Partnership |
Chapter 2c. Utah Revised Limited Liability Company Act |
Part 17. Derivative Actions |
§ 48-2c-1702. Proper plaintiff.
Latest version.
- In an action under Section 48-2c-1701, the plaintiff must be a member at the time of bringing the action and:
(1) must have been a member at the time of the transaction of which the member complains; or (2) the member's status as a member must have devolved upon him by transfer or 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.
Enacted by Chapter 260, 2001 General Session