§ 4A–802

Statutes in effect as of October 1, 2026.

Md. Code Ann., Corps. & Ass'ns § 4A-802 (2026)

Title 4A. Limited Liability Company Act

Subtitle 8. Derivative Actions

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.