Maine § 31 §1633 Proper plaintiff

Maine Statutes

§ 31 §1633 — Proper plaintiff

Maine·Title 31 PARTNERSHIPS AND ASSOCIATIONS·Ch. 21 LIMITED LIABILITY COMPANIES

1.Plaintiff must be a member. Except as otherwise provided in subsection 2, a derivative action under section 1632 may be maintained only by a person that is a member at the time the action is commenced and remains a member while the action continues.

2.Death of plaintiff. If the sole plaintiff in a derivative action dies while the action is pending, the court may permit another member of the limited liability company to be substituted as plaintiff.

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1.
Plaintiff must be a member.
Except as otherwise provided in subsection 2, a derivative action under section 1632 may be maintained only by a person that is a member at the time the action is commenced and remains a member while the action continues.
2.
Death of plaintiff.
If the sole plaintiff in a derivative action dies while the action is pending, the court may permit another member of the limited liability company to be substituted as plaintiff.

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