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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Nearby Sections
15
§ 29-1001
Definitions§ 29-1002
Knowledge and notice§ 29-1004
Supplemental principles of law§ 29-1006
Law governing internal relations§ 29-1011
Partnership as entity§ 29-1012
Formation of partnership§ 29-1013
Partnership property§ 29-1021
Partner agent of partnership§ 29-1022
Transfer of partnership property