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North Dakota · Through 2026-07-31T11:12:02 · Newer source version available

N.D. Cent. Code § 10-32.1-34: Derivative action

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Where this section sits in the code
  1. Title 10 Corporations
  2. Chapter 10-32.1 Uniform Limited Liability Company Act

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 or board-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 subsection 1 would be futile.

Collected 2026-09-02T21:04:14Z. Source file · JSON

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