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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