Idaho § 30-25-803 PROPER PLAINTIFF

Idaho Statutes

§ 30-25-803 — PROPER PLAINTIFF

Idaho § 30-25-803

Title 30CORPORATIONS

Part 8ACTIONS BY MEMBERS

Ch. 25LIMITED LIABILITY COMPANIES

This text of Idaho § 30-25-803 (PROPER PLAINTIFF) is published on Counsel Stack Legal Research, covering Idaho primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Idaho Code § 30-25-803 (2026).

Text

A derivative action to enforce a right of a limited liability company may be maintained only by a person that is a member at the time the action is commenced and:

(1)Was a member when the conduct giving rise to the action occurred; or

(2)Whose status as a member devolved on the person by operation of law or pursuant to the terms of the operating agreement from a person that was a member at the time of the conduct.

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A derivative action to enforce a right of a limited liability company may be maintained only by a person that is a member at the time the action is commenced and:
(1) Was a member when the conduct giving rise to the action occurred; or
(2) Whose status as a member devolved on the person by operation of law or pursuant to the terms of the operating agreement from a person that was a member at the time of the conduct.