South Carolina § 33-44-1102 Proper plaintiff.

South Carolina Statutes

§ 33-44-1102 — Proper plaintiff.

South Carolina § 33-44-1102

Title 33CORPORATIONS, PARTNERSHIPS AND ASSOCIATIONS

Ch. 44UNIFORM LIMITED LIABILITY COMPANY ACT OF 1996

This text of South Carolina § 33-44-1102 (Proper plaintiff.) is published on Counsel Stack Legal Research, covering South Carolina primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

S.C. Code Ann. § 33-44-1102 (2026).

Text

In a derivative action for a limited liability company, the plaintiff must be a member of the company when the action is commenced; and (1) must have been a member at the time of the transaction of which the plaintiff complains; or (2) the plaintiff's status as a member must have devolved upon the plaintiff by operation of law or pursuant to the terms of the operating agreement from a person who was a member at the time of the transaction.

Free access — add to your briefcase to read the full text and ask questions with AI

In a derivative action for a limited liability company, the plaintiff must be a member of the company when the action is commenced; and (1) must have been a member at the time of the transaction of which the plaintiff complains; or (2) the plaintiff's status as a member must have devolved upon the plaintiff by operation of law or pursuant to the terms of the operating agreement from a person who was a member at the time of the transaction.