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NOTE: This section was repealed by L.2012, c. 50, effective 2014-03-01.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-60: Action by member
60. A member may bring an action in the Superior Court in the right of a limited liability company to recover a judgment in its favor if managers or members with authority to do so have refused to bring the action or if an effort to cause those managers or members to bring the action is not likely to succeed.
L.1993,c.210,s.60.
This section added to the Rutgers Database: 2012-09-26 13:37:53.
Older versions of 42:2b-60 (if available):
Court decisions that cite this statute:
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