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2012 Statute



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17-76,131.Proper plaintiff. In a derivative action, the plaintiff must be a member at the time of bringing the action and:

(a) At the time of the transaction of which the member complains; or

(b) the member's status as a member had devolved upon the member by operation of law or pursuant to the terms of an operating agreement from a person who was a member at the time of the transaction.

History: L. 1999, ch. 119, § 70; Jan. 1, 2000.



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