Section 489.801 - Direct action by member1. Subject to subsection 2, a member may maintain a direct action against another member, a manager, 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.2. 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.Renumbered from §489.901 by 2023 Iowa, ch 152, s 143, eff. 1/1/2024.2008 Acts, ch 1162, §66, 155Former §489.801 renumbered as §489.901 by 2023 Iowa, ch 152, s 143, eff. 1/1/2024.Referred to in §489.409, 489.601, 489.602
Former §489.801 transferred to §489.901; 2023 Acts, ch 152, §143, 161
Section transferred from §489.901 in Code 2024 pursuant to directive in 2023 Acts, ch 152, §143, 161