Md. Code Ann., Corps. & Ass'ns § 4A-802
Conditions for plaintiff status
Effective Oct 1, 2012Added by Acts 1992, c. 536. Amended by Acts 2012, c. 599, § 1, eff. Oct. 1, 2012; Acts 2012, c. 600, § 1, eff. Oct. 1, 2012.State of Maryland
- (1) Be a member at the time the action is brought; and
(2)
- (i) Have been a member at the time of the transaction of which the plaintiff complains; or
- (ii) Had membership status devolve upon the plaintiff by operation of law from a person who was a member at the time of the transaction.
The plaintiff in a derivative action shall:
Added by Acts 1992, c. 536. Amended by Acts 2012, c. 599, § 1, eff. Oct. 1, 2012; Acts 2012, c. 600, § 1, eff. Oct. 1, 2012.