Colorado § 7-80-713 Derivative proceeding - standing

Colorado Statutes

§ 7-80-713 — Derivative proceeding - standing

Colorado § 7-80-713

Title 07Corporations

Art.Limited Liability Companies

This text of Colorado § 7-80-713 (Derivative proceeding - standing) is published on Counsel Stack Legal Research, covering Colorado primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Colo. Rev. Stat. § 7-80-713 (2026).

Text

(1)A member may commence or maintain a derivative proceeding pursuant to this part 7 only where:

(a)The member was a member of the limited liability company at the time of the act or omission complained of or the membership interest in such company thereafter devolved by operation of law; and

(b)It appears that the member fairly and adequately represents the interests of the members similarly situated in enforcing the right of the limited liability company.

(2)Repealed.

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(1) A member may commence
or maintain a derivative proceeding pursuant to this part 7 only where:

(a) The member was a member of the limited liability company at the time of
the act or omission complained of or the membership interest in such company
thereafter devolved by operation of law; and

(b) It appears that the member fairly and adequately represents the interests
of the members similarly situated in enforcing the right of the limited liability
company.

(2) Repealed.

Legislative History

Source: L. 2002: Entire section added, p. 1725, � 160, effective October 1. L. 2025: (2) repealed, (SB 25-275), ch. 377, p. 2109, � 336, effective August 6.