Derivative action

31 M.R.S. § 1632, under LIMITED LIABILITY COMPANIES.

31 M.R.S. § 1632

A member may maintain a derivative action to enforce a right of a limited liability company if: [PL 2009, c. 629, Pt. A, §2 (NEW); PL 2009, c. 629, Pt. A, §3 (AFF).]

1. Demand. The member first makes a demand on the limited liability company to take suitable action, and the limited liability company does not take suitable action within a reasonable time; or

2. Futility of demand. A demand under subsection 1 would be futile.