489.801 Direct action by member. 1. Subject to subsection 2, 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 this chapter or arising independently of the membership relationship. 2. 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. 2008 Acts, ch 1162, §66, 155 C2009, §489.901 2023 Acts, ch 152, §143, 161 C2024, §489.801 Referred to in §489.409, 489.601, 489.602 Former §489.801 transferred to §489.901; 2023 Acts, ch 152, §143, 161 Section transferred from §489.901 in Code 2024 pursuant to directive in 2023 Acts, ch 152, §143, 161
Iowa Legal Code