Connecticut § 34-271a Derivative action.

Connecticut Statutes

§ 34-271a — Derivative action.

Connecticut·Title 34 Limited Partnerships, Partnerships, Professional Associations, Limited Liability Companies and Statutory Trusts·Ch. 613a Uniform Limited Liability Company Act

A member may maintain a derivative action to enforce a right of a limited liability company if:

(1)The member first makes a demand on the other members in a member-managed limited liability company, or the managers of a manager-managed limited liability company, requesting that they cause the company to bring an action to enforce the right, and the managers or other members do not bring the action within ninety days; or (2) a demand under subdivision (1) of this section would be futile.

Free access — add to your briefcase to read the full text and ask questions with AI

A member may maintain a derivative action to enforce a right of a limited liability company if: (1) The member first makes a demand on the other members in a member-managed limited liability company, or the managers of a manager-managed limited liability company, requesting that they cause the company to bring an action to enforce the right, and the managers or other members do not bring the action within ninety days; or (2) a demand under subdivision (1) of this section would be futile.

Connecticut § 34-271a (Derivative action.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.