South Carolina Statutes
§ 33-44-1101 — Right of action.
South Carolina·Title 33 CORPORATIONS, PARTNERSHIPS AND ASSOCIATIONS·Ch. 44 UNIFORM LIMITED LIABILITY COMPANY ACT OF 1996
A member of a limited liability company may maintain an action in the right of the company if the members or managers having authority to do so have refused to commence the action or an effort to cause those members or managers to commence the action is not likely to succeed.
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South Carolina § 33-44-1101 (Right of action.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
HISTORY: 1996 Act No. 343, SECTION 2.
Nearby Sections
15
§ 33-44-1002
Application for certificate of authority.§ 33-44-1004
Issuance of certificate of authority.§ 33-44-1005
Name of foreign limited liability company.§ 33-44-1006
Revocation of certificate of authority.§ 33-44-1007
Cancellation of authority.§ 33-44-1009
Action by Attorney General.§ 33-44-101
Definitions.§ 33-44-102
Knowledge and notice.§ 33-44-104
Supplemental principles of law.§ 33-44-105
Name.§ 33-44-106
Reserved name.