A member may commence a derivative action in the right of the limited liability company to recover a judgment in its favor if all of the following conditions are met:
History. Code 1981, § 14-11-801 , enacted by Ga. L. 1993, p. 123, § 1.
Structure Georgia Code
Title 14 - Corporations, Partnerships, and Associations
Chapter 11 - Limited Liability Companies
Article 8 - Derivative Actions
§ 14-11-801. Right of Member to Bring Derivative Action
§ 14-11-803. Stay of Proceedings
§ 14-11-804. Discontinuance or Settlement
§ 14-11-807. Applicability to Foreign Limited Liability Companies