West Virginia Statutes
§ 31B-11-1102 — Proper plaintiff
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
West Virginia § 31B-11-1102 (Proper plaintiff) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
1996 Reg. Sess., SB338
Nearby Sections
15
§ 31B-1-101
Definitions§ 31B-1-102
Knowledge and notice§ 31B-1-104
Supplemental principles of law§ 31B-1-105
Name§ 31B-1-106
Reserved name§ 31B-1-107
Registered name§ 31B-1-110
Resignation of agent for service of process§ 31B-1-111
Service of process§ 31B-1-112
Nature of business and powers§ 31B-1-114
Penalty for signing false document§ 31B-10-1001
Law governing foreign limited liability companies