Nebraska Statutes 21-165. Derivative action
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(RULLCA 902) A member may maintain a derivative action to enforce a right of a limited liability company if:
Terms Used In Nebraska Statutes 21-165
- Action: shall include any proceeding in any court of this state. See Nebraska Statutes 49-801
- Company: shall include any corporation, partnership, limited liability company, joint-stock company, joint venture, or association. See Nebraska Statutes 49-801
(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 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
(2) a demand under subdivision (1) of this section would be futile.