Rhode Island General Laws 7-16-57. Pleading in derivative action
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In a derivative action, the complaint shall set forth with particularity the effort of the plaintiff to secure initiation of the action by the managers or the members who would otherwise have the authority to cause the limited liability company to sue in its own right or why such effort was not likely to succeed.
History of Section.
P.L. 1992, ch. 280, § 1.
Terms Used In Rhode Island General Laws 7-16-57
- Complaint: A written statement by the plaintiff stating the wrongs allegedly committed by the defendant.
- Managers: means a person or persons designated by the members of a limited liability company to manage the limited liability company. See Rhode Island General Laws 7-16-2
- Plaintiff: The person who files the complaint in a civil lawsuit.