Section 489.803 - Proper plaintiff1. Except as otherwise provided in subsection 2, a derivative action under section 489.802 may be maintained only by a person that is a member at the time the action is commenced and remains a member while the action continues.2. If the sole plaintiff in a derivative action dies while the action is pending, the court may permit another member of the limited liability company to be substituted as plaintiff. 2008 Acts, ch 1162, § 68, 155 2023 Acts, ch 152, §143, 161
Renumbered from §489.903 by 2023 Iowa, ch 152, s 143, eff. 1/1/2024.2008 Acts, ch 1162, §68, 155Former §489.803 repealed by 2023 Iowa, ch 152, s 142, eff. 1/1/2024.Former §489.803 repealed effective January 1, 2024, by 2023 Acts, ch 152, §142, 161
Section transferred from §489.903 in Code 2024 pursuant to directive in 2023 Acts, ch 152, §143, 161