{"data":{"id":"us-ar/ark.-code-ann.-4-38-802","jurisdiction":"us-ar","citation":"Ark. Code Ann. § 4-38-802","heading":"Derivative action","body":"A member may maintain a derivative action to enforce a right of a limited liability company if:\n\n(1) 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\n\n(2) a demand under paragraph (1) would be futile.","path":["AR Code","Title 4","Chapter 38","Subchapter 8"],"source_url":"https://oss-data-us.vaquill.ai/v2026.08/us_ar_statutes.parquet","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:41Z","sha256":"13134fd3d2c246408dee015425f075d86dbd3e7539d8aa7c6ab5a174b0d4caeb","source_id":"us-ar","stale":false,"prev":"us-ar/ark.-code-ann.-4-38-801","next":"us-ar/ark.-code-ann.-4-38-803"},"notice":"GroundRules: Original legal text. Not legal advice."}