Skip to main content
THIS SITE
PREVIOUS SECTION Go back to sections Go back to the chapter Go back to the N.J. Statutes homepage NEXT SECTION


NOTE: This section was repealed by L.2012, c. 50, effective 2014-03-01.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: CLICK HERE.