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Minnesota · Through 2025 Minnesota Statutes

Minn. Stat. § 322C.0902: DERIVATIVE ACTION.

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Where this section sits in the code
  1. BUSINESS, SOCIAL, AND CHARITABLE ORGANIZATIONS
  2. CHAPTER 322C. MINNESOTA REVISED UNIFORM LIMITED LIABILITY COMPANY
  3. ACTIONS BY MEMBERS

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, the managers of a manager-managed limited liability company, or the board of governors of a board-managed limited liability company requesting that they cause the company to bring an action to enforce the right, and the member, manager, or board does not bring the action within a reasonable time; or

(2) a demand under clause (1) would be futile.

Collected 2026-09-02T22:10:42Z. Source file · JSON

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