CHAPTER 31B. UNIFORM LIMITED LIABILITY COMPANY ACT.

ARTICLE 11. DERIVATIVE ACTIONS.

§31B-11-1101. Right of action.

A member of a limited liability company may maintain an action in the right of the company if the members or managers having authority to do so have refused to commence the action or an effort to cause those members or managers to commence the action is not likely to succeed.

Bill History For §31B-11-1101