Right of Derivative Action.

1. Law
2. Code of Alabama
3. Alabama Business and Nonprofit Entities Code.
4. Alabama Limited Liability Company Law of 2014.
5. Actions by Members.
6. 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.)

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