§ 31 §1637 — Closely held limited liability company

1.
Definition.
As used in this section, "closely held limited liability company" means a limited liability company that has:
2.
Limitation on derivative actions.
Except to the extent ordered by the court in an action under subsection 3, paragraph A, sections 1632 to 1636 do not apply to a closely held limited liability company.
3.
Exception to limitation on derivative actions.
If justice requires:

Legislative History

PL 2009, c. 629, Pt. A, §2 (NEW). PL 2009, c. 629, Pt. A, §3 (AFF). PL 2011, c. 113, Pt. A, §21 (AMD).