A member may maintain a derivative action in the Superior Court to enforce a right of a limited liability company if:
(1) The member first makes a demand on the other members in a member-managed limited liability company, or the managers of a manager-managed limited liability company, requesting that they cause the 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 under paragraph (1) of this section would be futile.
(July 2, 2011, D.C. Law 18-378, § 2, 58 DCR 1720.)
Section ReferencesThis section is referenced in § 29-808.04 and § 29-808.06.
Editor's NotesUniform Law: This section is based on § 902 of the Uniform Limited Company Act (2006 Act).