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Iowa · Through Iowa Code 2026 edition

Iowa Code § 489.803: Proper plaintiff.

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Where this section sits in the code
  1. Title XII - BUSINESS ENTITIES (Ch. 486 - 504C)
  2. Chapter 489 - UNIFORM LIMITED LIABILITY COMPANY ACT
  3. Subchapter VIII - ACTIONS BY MEMBERS

1. Except as otherwise provided in subsection 2, a derivative action under section 489.802 may be maintained only by a person that is a member at the time the action is commenced and remains a member while the action continues.

2. If the sole plaintiff in a derivative action dies while the action is pending, the court may permit another member of the limited liability company to be substituted as plaintiff.

Collected 2026-09-14T19:40:12Z. Source file · JSON

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