Nebraska Statutes

§ 21-166 — Proper plaintiff

Nebraska·Ch. 21 Corporations and Other Companies

(RULLCA 903) (a) Except as otherwise provided in subsection (b) of this section, a derivative action under section 21-165 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.

(b)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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Legislative History

Source: Laws 2010, LB888, § 66.

Nearby Sections

15
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