Iowa Code § 489.803: Proper plaintiff.
Where this section sits in the code
- Title XII - BUSINESS ENTITIES (Ch. 486 - 504C)
- Chapter 489 - UNIFORM LIMITED LIABILITY COMPANY ACT
- 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