Section 25.15.386. Right to bring action.

Latest version.

A member may bring a derivative action to enforce a right of a limited liability company if:

(1) The member first makes a demand on the members in a member-managed limited liability company, or on the managers of a manager-managed limited liability company, requesting that they cause the limited liability company to bring an action to enforce the right, and the managers or other members do not bring the action within a reasonable time; or

(2) A demand would be futile.

[ 2015 c 188 § 75.]

2015 c 188 § 75.

                    
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