{"data":{"id":"us-al/ala.-code-10a-5a-9.03","jurisdiction":"us-al","citation":"Ala. Code § 10A-5A-9.03","heading":"Standing.","body":"(a) A member may commence or maintain a derivative action in the right of the limited liability company only if the member:\n(1) fairly and adequately represents the interests of the limited liability company in enforcing the right of the limited liability company; and\n(2) either:\n(A) was a member of the limited liability company at the time of the act or omission of which the member complains; or\n(B) whose status as a member devolved upon the person by operation of law or pursuant to the terms of the limited liability company agreement from a person who was a member at the time of the act or omission of which the member complains.\n(b) A member associated with a series of a limited liability company may commence or maintain a derivative action in the right of the series only if the member:\n(1) fairly and adequately represents the interests of the series in enforcing the right of the series; and\n(2) either:\n(A) was associated with the series at the time of the act or omission of which the member complains; or\n(B) whose status as a member associated with the series devolved upon the person by operation of law or pursuant to the terms of the limited liability company agreement from a person who was a member associated with the series at the time of the act or omission of which the member complains.","path":["Title 10A Alabama Business and Nonprofit Entities Code.","Chapter 5A Alabama Limited Liability Company Law of 2014.","Article 9 Actions by Members."],"source_url":"https://alison.legislature.state.al.us/code-of-alabama?section=10A-5A-9.03","current_through":"Act 2026-611","vintage":"","retrieved_at":"2026-09-03T14:01:53Z","sha256":"5e7831ad7788b91d7754c70f54394e29e948c459912ba0ee412e4261e53cbd13","source_id":"us-al","stale":false,"prev":"us-al/ala.-code-10a-5a-9.02","next":"us-al/ala.-code-10a-5a-9.04"},"notice":"GroundRules: Original legal text. Not legal advice."}