Arizona § 29-3803 Proper plaintiff

Arizona Statutes

§ 29-3803 — Proper plaintiff

Arizona § 29-3803

Title 29Arizona Revised Statutes

Ch. 7ARIZONA LIMITED LIABILITY COMPANY ACT

Art. 8Actions by Members

This text of Arizona § 29-3803 (Proper plaintiff) is published on Counsel Stack Legal Research, covering Arizona primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ariz. Rev. Stat. Ann. § 29-3803 (2026).

Text

A person may maintain a derivative action to enforce a right of a limited liability company only if the person is a member at the time the action is commenced and either:

1.The person was a member when the conduct giving rise to the action occurred.

2.The person's status as a member devolved on the person by operation of law or pursuant to the terms of the operating agreement from another person that was a member at the time of the conduct.

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A person may maintain a derivative action to enforce a right of a limited liability company only if the person is a member at the time the action is commenced and either:

1. The person was a member when the conduct giving rise to the action occurred.

2. The person's status as a member devolved on the person by operation of law or pursuant to the terms of the operating agreement from another person that was a member at the time of the conduct.