Md. Code, Corporations and Associations § 4A-802
This is the official text of Md. Code, Corporations and Associations § 4A-802, part of Maryland’s Code, Corporations and Associations — governs the formation and operation of corporations, LLCs, and partnerships.
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§4A–802.
Official statutory text
The plaintiff in a derivative action shall:
(1) Be a member at the time the action is brought; and
(2) (i) Have been a member at the time of the transaction of which the plaintiff complains; or
(ii) Had membership status devolve upon the plaintiff by operation of law from a person who was a member at the time of the transaction.
(1) Be a member at the time the action is brought; and
(2) (i) Have been a member at the time of the transaction of which the plaintiff complains; or
(ii) Had membership status devolve upon the plaintiff by operation of law from a person who was a member at the time of the transaction.
Status: in_force · Read it on the official government site
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