Derivative action

W.S. § 17-29-902 — under Chapter 29 — Wyoming Limited Liability Company Act.

W.S. § 17-29-902

Derivative action. (a) A member may maintain a derivative action to enforce a right of a limited liability company if: (i) 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 (ii) A demand under paragraph (i) of this subsection would be futile.