{"data":{"id":"us-il/805-ilcs-180-40-5","jurisdiction":"us-il","citation":"805 ILCS 180/40-5","heading":"Proper plaintiff.","body":"No action shall be brought in the right of a limited liability company by a member or transferee who is a substituted member, unless (i) the plaintiff was a member or is a transferee who was a substituted member at the time of the transaction of which the person complains or (ii) the person's status as a member or a transferee who is a substituted member had devolved upon him or her by operation of law or under the terms of the operating agreement from a person who was a member or a transferee who was a substituted member at the time of the transaction.","path":["CHAPTER 805 BUSINESS ORGANIZATIONS","Limited Liability Company Act."],"source_url":"https://www.ilga.gov/legislation/ILCS/details?ActID=2290\u0026ChapterID=65\u0026ChapAct=FullText\u0026Print=True","current_through":"at least Public Act 104-790","vintage":"","retrieved_at":"2026-09-15T04:46:47Z","sha256":"8afbbb6c8397653d266bd49a4f55d32046248da624550e4f829e19d82d0196f1","source_id":"us-il","stale":false,"prev":"us-il/805-ilcs-180-40-1","next":"us-il/805-ilcs-180-40-10"},"notice":"GroundRules: Original legal text. Not legal advice."}