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Iowa Code § 489.803

Proper plaintiff

Known as the Uniform Limited Liability Company Act

The act spans §§ 489–489 (188 sections).

2008 Acts, ch 1162, §68, 155 2023 Acts, ch 152, §143, 161

1. 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.

C2009, §489.903

C2024, §489.803

Former §489.803 repealed effective January 1, 2024, by

Official source: Iowa Legislature. Reproduced from public-domain Iowa statutes; confirm against the official source for the current text. Not legal advice.