Kansas § 17-76,131 Proper plaintiff in a derivative action

Kansas Statutes

§ 17-76,131 — Proper plaintiff in a derivative action

Kansas § 17-76,131

Ch. 17CORPORATIONS

Art. 76LIMITED LIABILITY COMPANIES

This text of Kansas § 17-76,131 (Proper plaintiff in a derivative action) is published on Counsel Stack Legal Research, covering Kansas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Kan. Stat. Ann. § 17-76,131 (2026).

Text

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.

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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.