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2019 Wyoming Statutes
Title 17 - Corporations, Partnerships and Associations
Chapter 29 - Wyoming Limited Liability Company Act
Article 9 - Actions by Members
Section 17-29-902 - Derivative Action.
Universal Citation: WY Stat § 17-29-902 (2019)
17-29-902. Derivative action.
(a) A member may maintain a derivative action to enforce a right of a limited liability company if:
(i) 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
(ii) A demand under paragraph (i) of this subsection would be futile.
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