As used in this part 7, unless the context otherwise requires:
(1) "Derivative proceeding" means a civil suit in the right of a domestic limited liability company or, to the extent provided in section 7-80-719, in the right of a foreign limited liability company.
Source: L. 2025: Entire section added with relocations, (SB 25-275), ch. 377, p. 2033, § 25, effective August 6.