Idaho Code § 30-25-803: PROPER PLAINTIFF.
Where this section sits in the code
- TITLE 30 CORPORATIONS
- CHAPTER 25 LIMITED LIABILITY COMPANIES
- PART 8 ACTIONS BY MEMBERS
A derivative action to enforce a right of a limited liability company may be maintained only by a person that is a member at the time the action is commenced and:
(1) Was a member when the conduct giving rise to the action occurred; or
(2) Whose status as a member devolved on the person by operation of law or pursuant to the terms of the operating agreement from a person that was a member at the time of the conduct.
Collected 2026-09-04T11:18:38Z. Source file · JSON