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     Idaho Statutes

Idaho Statutes are updated to the website July 1 following the legislative session.

pecnv.out

TITLE 30
CORPORATIONS
CHAPTER 25
LIMITED LIABILITY COMPANIES
PART 8
ACTIONS BY MEMBERS
30-25-803.  PROPER PLAINTIFF. 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 pursuant to the terms of the operating agreement from a person that was a member at the time of the conduct.

History:
[30-25-803, added 2015, ch. 243, sec. 50, p. 895.]


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