In any derivative proceeding in the right of a foreign limited liability company, the right of a person to commence or maintain a derivative proceeding in the right of a foreign limited liability company and any matters raised in such proceeding covered by sections 7-80-713 to 7-80-718 shall be governed by the law of the jurisdiction under which the foreign limited liability company was formed; except that any matters raised in such proceeding covered by sections 7-80-715 and 7-80-717 shall be governed by the law of this state.
Source: L. 2002: Entire section added, p. 1727, § 160, effective October 1. L. 2003: Entire section amended, p. 2268, § 191, effective July 1, 2004.
Structure Colorado Code
Title 7 - Corporations and Associations
Article 80 - Limited Liability Companies
§ 7-80-701. Admission of Members
§ 7-80-702. Interest in Limited Liability Company - Transferability of Interest
§ 7-80-703. Rights of Creditor Against a Member
§ 7-80-705. Liability of Members and Managers
§ 7-80-713. Derivative Proceeding - Standing - Definitions
§ 7-80-714. Derivative Proceeding - Demand
§ 7-80-715. Stay of Derivative Proceeding
§ 7-80-716. Dismissal of Derivative Proceeding
§ 7-80-717. Discontinuance or Settlement of Derivative Proceeding
§ 7-80-718. Payment of Expenses - Derivative Proceeding
§ 7-80-719. Applicability of Derivative Proceeding to Foreign Limited Liability Companies