Haw. Rev. Stat. § 428-1102: Proper plaintiff.
Where this section sits in the code
- HI Code
- Division 2
- Title 23A
- Chapter 428
In a derivative action for a limited liability company, the plaintiff shall be a member of the company when the action is commenced, and:
(1) Shall have been a member at the time of the transaction of which the plaintiff complains; or
(2) The plaintiff's status as a member shall 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.
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