Idaho § 30-25-802 DERIVATIVE ACTION

Idaho Statutes

§ 30-25-802 — DERIVATIVE ACTION

Idaho·Title 30 CORPORATIONS·Part 8 ACTIONS BY MEMBERS·Ch. 25 LIMITED LIABILITY COMPANIES

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 a reasonable time; or

(2)A demand under subsection (1) of this section would be futile.

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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 a reasonable time; or
(2) A demand under subsection (1) of this section would be futile.

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