Nev. Rev. Stat. » NRS: CHAPTER 86 - LIMITED-LIABILITY COMPANIES

Nev. Rev. Stat. § 86.485

Qualifications of plaintiff

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NRS 86.485  Qualifications of plaintiff.  In a derivative action, the plaintiff must be a member at the time of the transaction of which the plaintiff complains.

      (Added to NRS by 2001, 1386; A 2001, 3199; 2003, 3141)

     

Notes of Decisions
Cited in 2 cases (1 in the last 5 years), 2006–2022 · leading case: J. Mcdonald Co., Inc. v. Tropical & Losee, Llc
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J. Mcdonald Co., Inc. v. Tropical & Losee, Llc (2022) nev · cites it 2× “See NRS 86.485 (requiring a plaintiff bringing a derivative action to be a member); Cotter ex rel.”
Garfield v. Suntrust Bank (2006) flsd “See Nev. Rev.Stat. Ann. § 86.485 (2005) (providing that in an LLC derivative action, "the plaintiff must be a member [of the LLC] at the time of the transaction of which he complains”).”
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