Code of Alabama - Title 10A: Alabama Business and Nonprofit Entities Code - Section 10A-5A-9.02 - Right of derivative action

Section 10A-5A-9.02 - Right of derivative action.

(a) A member may commence or maintain a derivative action in the right of a limited liability company to enforce a right of the limited liability company by complying with this article.

(b) A member associated with a series of a limited liability company may commence or maintain a derivative action in the right of the series to enforce a right of the series by complying with this article.

(Act 2014-144, p. 265, §1.)

Last modified: May 3, 2021