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Neb. Rev. Stat. § 21-164

Direct action by member

Applied in 1 court decision — leading case Klingelhoefer v. Parker, Grossart (2013)

Most recently applied in Klingelhoefer v. Parker, Grossart (June 2013)

Laws 2010, LB888, § 64.

(RULLCA 901) (a) Subject to subsection (b) of this section, 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 the Nebraska Uniform Limited Liability Company Act or arising independently of the membership relationship. (b) 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: Nebraska Legislature. Reproduced from public-domain Nebraska statutes; confirm against the official source for the current text. Not legal advice.