GroundRules
S.C. Code Ann. § 33-44-1102: Proper plaintiff.
Where this section sits in the code
- Title 33 - CORPORATIONS, PARTNERSHIPS AND ASSOCIATIONS
- CHAPTER 44 Uniform Limited Liability Company Act of 1996
- ARTICLE 11 Derivative Actions
In a derivative action for a limited liability company, the plaintiff must be a member of the company when the action is commenced; and
(1) must have been a member at the time of the transaction of which the plaintiff complains; or
(2) the plaintiff's status as a member must 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.
Collected 2026-09-02T07:04:34Z. Source file · JSON