Section 10-32.1-34 - Derivative actionA member may maintain a derivative action to enforce a right of a limited liability company if:
1. The member first makes a demand on the other members in a member-managed or board-managed limited liability company, the managers of a manager-managed limited liability company, or the board of governors of a board-managed limited liability company requesting that they cause the company to bring an action to enforce the right, and the member, manager, or board does not bring the action within a reasonable time; or2. A demand under subsection 1 would be futile.Added by S.L. 2015, ch. 87 (HB 1136),§ 19, eff. 7/1/2015.