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Arkansas · Snapshot open-us-law v2026.08, retrieved 2026-09-14

Ark. Code Ann. § 4-38-802: Derivative action

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Where this section sits in the code
  1. AR Code
  2. Title 4
  3. Chapter 38
  4. Subchapter 8

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 paragraph (1) would be futile.

Collected 2026-09-14T18:32:41Z. Source file · JSON

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