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§ 2102 — 2102 — U.S. Virgin Islands Law | CourtGPT
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U.S. Virgin Islands Legal Code

2102

U.S. Virgin Islands § 2102 — U.S. Virgin Islands law

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In a derivative action for a limited liability company, the plaintiff must be a member of the company when the action is commenced, and:\n(1) must have been a member at the time of the transaction of which the plaintiff complains; or\n(2) the plaintiff's status as a member must have devolved upon the plaintiff by operation of law or pursuant to the terms of the operating agreement from a person who was a member at the time of the transaction.