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Wyoming · Through 2026 Budget Session; as of 2026-07-01

Wyo. Stat. § 17-29-902: Derivative action.

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Where this section sits in the code
  1. TITLE 17 - CORPORATIONS, PARTNERSHIPS AND ASSOCIATIONS
  2. CHAPTER 29 - WYOMING LIMITED LIABILITY COMPANY ACT
  3. ARTICLE 9 - ACTIONS BY MEMBERS

(a) A member may maintain a derivative action to enforce a right of a limited liability company if:

(i) The member first makes a demand on the other members in a member-managed limited liability company, or the managers of a manager-managed limited liability company, requesting that they cause the company to bring an action to enforce the right, and the managers or other members do not bring the action within a reasonable time; or

(ii) A demand under paragraph (i) of this subsection would be futile.

Collected 2026-09-04T00:16:32Z. Source file · JSON

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