Welcome to Part 2 of The Jayson Law Group LLC’s discussion of the Revised Uniform Limited Liability Company Act’s (“RULLCA”) derivative action laws. In Part 1 of this series we gave a scenario of a member of Widget LLC having an issue with how management of Widget LLC was handling a particular situation with Doodad LLC. We discussed what a derivative action is, and the requirements for that member to bring a derivative action.
In today’s post we are going to discuss who the proper plaintiff is in order to bring a derivative action. We will also discuss what must be included in a pleading for a derivative action in New Jersey. Continue reading