(a) A member may commence or maintain a derivative action in the right of a limited liability company to enforce a right of the limited liability company by complying with this article.
(b) A member associated with a series of a limited liability company may commence or maintain a derivative action in the right of the series to enforce a right of the series by complying with this article.
Structure Code of Alabama
Title 10A - Alabama Business and Nonprofit Entities Code.
Chapter 5A - Alabama Limited Liability Company Law of 2014.
Article 9 - Actions by Members.
Section 10A-5A-9.01 - Direct Action by Members.
Section 10A-5A-9.02 - Right of Derivative Action.
Section 10A-5A-9.03 - Standing.
Section 10A-5A-9.05 - Pleading.
Section 10A-5A-9.06 - Stay of Proceedings.
Section 10A-5A-9.07 - Discontinuance or Settlement.
Section 10A-5A-9.08 - Proceeds and Expenses.
Section 10A-5A-9.09 - Applicability to Foreign Limited Liability Companies.