2020 Idaho Code
Title 30 - CORPORATIONS
Chapter 25 - LIMITED LIABILITY COMPANIES
Part 8 - ACTIONS BY MEMBERS
Section 30-25-802 - DERIVATIVE ACTION.

Universal Citation: ID Code § 30-25-802 (2020)

30-25-802. DERIVATIVE ACTION. A member may maintain a derivative action 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 subsection (1) of this section would be futile.

History:

[30-25-802, added 2015, ch. 243, sec. 50, p. 895.]

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