Login

Minn. Stat. § 322C.0901 : BUSINESS, SOCIAL, AND CHARITABLE ORGANIZATIONS — REVISED UNIFORM LIMITED LIABILITY COMPANY ACT —ACTIONS BY MEMBERS — DIRECT ACTION BY MEMBER

Subdivision 1. Direct actions allowed.

Subject to subdivision 2, a member may maintain a direct action against another member, a manager, a governor, or the limited liability company to enforce the member's rights and otherwise protect the member's interests, including rights and interests under the operating agreement or this chapter or arising independently of the membership relationship.

Subd. 2. Action requirements.

A member maintaining a direct action under this section must plead and prove an actual or threatened injury that is not solely the result of an injury suffered or threatened to be suffered by the limited liability company.

Minn. Stat. § 322C.0901

2014 c 157 art 1 s 64

Added by 2014 Minn. Laws, ch. 157,s 1-64, eff. 8/1/2015.