In any derivative action in the right of a foreign limited liability company, or a series thereof, the right of a person to commence or maintain a derivative action in the right of a foreign limited liability company, or a series thereof, and any matters raised in the action covered by Sections 10A-5A-9.02 through 10A-5A-9.08 shall be governed by the law of the jurisdiction under which the foreign limited liability company was formed; except that any matters raised in the action covered by Sections 10A-5A-9.06, 10A-5A-9.07, and 10A-5A-9.08 shall be governed by the law of this state.
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.