K.S.A. 17-76,131: Proper plaintiff in a derivative action.
Where this section sits in the code
- Chapter 17.—CORPORATIONS
- Article 76.—LIMITED LIABILITY COMPANIES
In a derivative action, the plaintiff must be a member or an assignee of a limited liability company interest at the time of bringing the action and:
(a) At the time of the transaction of which the plaintiff complains; or
(b) the plaintiff's status as a member or an assignee of a limited liability company interest had devolved upon the plaintiff by operation of law or pursuant to the terms of an operating agreement from a person who was a member or an assignee of a limited liability company interest at the time of the transaction.
Collected 2026-09-04T15:10:48Z. Source file · JSON