Ohio Code 1706.61 – Right of derivative action
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(A) A member may commence or maintain a derivative action in the right of a limited liability company to recover a judgment in favor of the limited liability company by complying with sections 1706.61 to 1706.617 of the Revised Code.
Terms Used In Ohio Code 1706.61
- Member: means a person that has been admitted as a member of a limited liability company under section 1706. See Ohio Code 1706.01
(B) A member associated with a series of a limited liability company may commence or maintain a derivative action in the right of the series to recover a judgment in favor of the series by complying with sections 1706.61 to 1706.617 of the Revised Code.