Derivative action

Ark. Code Ann. § 4-38-802, under Uniform Limited Liability Company Act.

Ark. Code Ann. § 4-38-802

(1) A member may maintain a derivative action to enforce a right of a limited liability company if:(1) 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(2) a demand under paragraph (1) would be futile.

(1) 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

(2) a demand under paragraph (1) would be futile.