Delaware Statutes
§ 18-1001 — Right to bring action
A member or an assignee of a limited liability company interest may bring an action in the Court of Chancery in the right of a limited liability company to recover a judgment in its favor if managers or members with authority to do so have refused to bring the action or if an effort to cause those managers or members to bring the action is not likely to succeed.
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Legislative History
68 Del. Laws, c. 434, § 1 ; 71 Del. Laws, c. 341, § 16
Nearby Sections
15
§ 18-1001
Right to bring action§ 18-1002
Proper plaintiff§ 18-1003
Complaint§ 18-1004
Expenses§ 18-101
Definitions§ 18-102
Name set forth in certificate§ 18-103
Reservation of name§ 18-108
Indemnification