Kansas Statutes Annotated
Updated Through the 2014 Legislative Session

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Statute Number:17-76,131
Chapter Title:CORPORATIONS
Article Title:LIMITED LIABILITY COMPANIES
Tax Type:Corporate Income Tax; Corporation Franchise Tax
Brief Description:Proper plaintiff in a derivative action.
Keywords:


Body:

17-76,131.Proper plaintiff in a derivative action.In a derivative action, the plaintiff must be a member or an assignee of a limited liability company interest at the time of bringing the action and:
(a) At the time of the transaction of which the plaintiff complains; or
(b) the plaintiff's status as a member or an assignee of a limited liability company interest had devolved upon the plaintiff by operation of law or pursuant to the terms of an operating agreement from a person who was a member or an assignee of a limited liability company interest at the time of the transaction.
History:L. 1999, ch. 119, 70; L. 2014, ch. 40, 55; July 1.



Date Composed: 11/14/2014 Date Modified: 11/14/2014

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