Iowa Code § 489.803
Proper plaintiff
Redline — January 1, 2024 → current.View current text →
Current — January 1, 2025
As of January 1, 2024
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.
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.
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
C2009, §489.903
C2024, §489.803
C2024, §489.803
Former §489.803 repealed effective January 1, 2024, by
Former §489.803 repealed effective January 1, 2024, by
Section transferred from §489.903 in Code 2024 pursuant to directive in
Official source: Iowa Legislature. Reproduced from public-domain Iowa statutes; confirm against the official source for the current text. Not legal advice.