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NOTE: This section was repealed by L.2012, c. 50, effective 2014-03-01.
New Jersey Statutes, Title: 42, PARTNERSHIPS AND PARTNERSHIP ASSOCIATIONS
Chapter 2b:
Section: 42:2b-61: Derivative actions
61. In a derivative action, the plaintiff must be a member at the time of bringing the action and:
a. At the time of the transaction of which he complains; or
b. His status as a member had devolved upon him by operation of law or pursuant to the terms of an operating agreement from a person who was a member at the time of the transaction.
L.1993,c.210,s.61.
This section added to the Rutgers Database: 2012-09-26 13:37:53.
Older versions of 42:2b-61 (if available):
Court decisions that cite this statute:
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