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Minn. Stat. § 322C.0901

DIRECT ACTION BY MEMBER.

Known as the Minnesota Revised Uniform Limited Liability Company Act

The act spans §§ 322–322 (92 sections).

2014 c 157 art 1 s 64

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.

Official source: Minnesota Office of the Revisor of Statutes. Reproduced from public-domain Minnesota statutes; confirm against the official source for the current text. Not legal advice.