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Wis. Stat. § 183.0802

Derivative action

Known as the Wisconsin Uniform Limited Liability Company Law

The act spans §§ 183.0101 to 183.1102 (113 sections).

2021 a. 258.

A member may maintain a derivative action to enforce a right of a limited liability company if any of the following applies:

(1) The member first makes a demand on the other members of a member-managed limited liability company, or the managers of a manager-managed limited liability company, requesting that they cause the limited liability company to bring an action to enforce the right, and the managers or other members do not bring the action within a reasonable time.

(2) A demand under sub.

(1) would be futile.

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