Colorado § 7-80-713 Derivative proceeding - standing

Colorado Statutes

§ 7-80-713 — Derivative proceeding - standing

Colorado·Title 07 Corporations·Art. Limited Liability Companies

(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(2)Repealed.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(2) Repealed.

Colorado § 7-80-713 (Derivative proceeding - standing) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

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 L. 2025: (2) repealed, (SB 25-275), ch. 377, p. 2109, � 336, effective August 6.