District of Columbia § 29-808.03 Proper plaintiff.

District of Columbia Statutes

§ 29-808.03 — Proper plaintiff.

District of Columbia § 29-808.03

Title 29Business Organizations. [Enacted title]

Ch. 8Limited Liability Companies.

Subch. VIIIActions by Members.

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Bluebook

D.C. Code § 29-808.03 (2026).

Text

A derivative action to enforce a right of a limited liability company may be maintained only by a person that is a member at the time the action is commenced and:

(1)Was a member when the conduct giving rise to the action occurred; or

(2)Whose status as a member was derived, by operation of law or pursuant to the terms of the operating agreement, from a person that was a member at the time the conduct giving rise to the action occurred.

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A derivative action to enforce a right of a limited liability company may be maintained only by a person that is a member at the time the action is commenced and:

(1) Was a member when the conduct giving rise to the action occurred; or

(2) Whose status as a member was derived, by operation of law or pursuant to the terms of the operating agreement, from a person that was a member at the time the conduct giving rise to the action occurred.