GroundRules
Utah Code § 16-20-803: Proper plaintiff.
Where this section sits in the code
- Title 16 Business Entities
- Chapter 16-20 Utah Revised Uniform Limited Liability Company Act
- Part 16-20-8 Action 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 in accordance with the terms of the operating agreement from a person that was a member at the time of the conduct.
Collected 2026-10-08T05:55:33Z. Source file · JSON