Idaho Code 30-25-803 – Proper Plaintiff
Current as of: 2023 | Check for updates
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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
Terms Used In Idaho Code 30-25-803
- person: includes a corporation as well as a natural person;
Idaho Code 73-114
(2) Whose status as a member devolved on the person by operation of law or pursuant to the terms of the operating agreement from a person that was a member at the time of the conduct.