Right of Derivative Action

Ala. Code § 10A-5A-9.02 — under Title 10A.

Ala. Code § 10A-5A-9.02

(a) A member may commence or maintain a derivative action in the right of a limited liability company to enforce a right of the limited liability company by complying with this article. (b) A member associated with a series of a limited liability company may commence or maintain a derivative action in the right of the series to enforce a right of the series by complying with this article.

History: (Act 2014-144, p. 265, §1.)