Wyoming § 17-29-902 Derivative action

Wyoming Statutes

§ 17-29-902 — Derivative action

Wyoming § 17-29-902

Title 17Corporations, Partnerships and Associations

Ch. 29WYOMING LIMITED LIABILITY COMPANY ACT

Art. 9ACTIONS BY MEMBERS

This text of Wyoming § 17-29-902 (Derivative action) is published on Counsel Stack Legal Research, covering Wyoming primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Wyo. Stat. Ann. § 17-29-902 (2026).

Text

(a)A member may maintain a derivative action to enforce a right of a limited liability company if:

(i)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

(ii)A demand under paragraph (i) of this subsection would be futile.

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(a) A member may maintain a derivative action to enforce a
right of a limited liability company if:
(i) 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
(ii) A demand under paragraph (i) of this subsection
would be futile.