Arizona Statutes

§ 29-3803 — Proper plaintiff

Arizona·Title 29 Arizona Revised Statutes·Ch. 7 ARIZONA LIMITED LIABILITY COMPANY ACT·Art. 8 Actions by Members

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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