™Your Policy Risk Impact Agent
17 chapters · 1,000 sections in this title.
Utah Code § 16-20-802 (eff. 10/1/2026) Derivative action.
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16-20-802. Derivative action. 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 liabi…
Utah Code § 16-20-803 (eff. 10/1/2026) Proper plaintiff.
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16-20-803. Proper plaintiff. A derivative action to enforce a right of a limited liability company may be maintained only by a person that is a member at the time the action is commenced and: (1) was a member when the conduct giving rise to the action occurred; or (2) whose statu…
Utah Code § 16-20-804 (eff. 10/1/2026) Pleading.
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16-20-804. Pleading. In a derivative action, the complaint must state with particularity: (1) the date and content of plaintiff's demand and the response by the managers or other members to the demand; or (2) why the demand should be excused as futile.
Utah Code § 16-20-805 (eff. 10/1/2026) Special litigation committee.
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16-20-805. Special litigation committee. (1) If a limited liability company is named as or made a party in a derivative proceeding, the limited liability company may appoint a special litigation committee to investigate the claims asserted in the proceeding and determine whether …