Colorado § 7-80-713 - Derivative proceeding - standing.
Full text of Colorado Colorado Revised Statutes § 7-80-713 — Derivative proceeding - standing., with citation guidance and answers to common questions.
§ 7-80-713. Derivative proceeding - standing.
(1) A member may commence or maintain a derivative proceeding pursuant to this part 7 only where:
(a) The member was a member of the limited liability company at the time of the act or omission complained of or the membership interest in such company thereafter devolved by operation of law; and
(b) It appears that the member fairly and adequately represents the interests of the members similarly situated in enforcing the right of the limited liability company.
(2) Repealed.
Source: L. 2002: Entire section added, p. 1725, § 160, effective October 1. L. 2025: (2) repealed, (SB 25-275), ch. 377, p. 2109, § 336, effective August 6.
Editor's note: Subsection (2) was relocated to § 7-80-700.3 in 2025.
ANNOTATION
Law reviews. For article, "Business Entity Legislation 2002: Filing Procedures and LLC Changes", see 31 Colo. Law. 55 (Nov. 2002).
Frequently Asked Questions About Colorado § 7-80-713
What does Colorado Revised Statutes § 7-80-713 cover?
Section 7-80-713 ("Derivative proceeding - standing.") is part of the Colorado Revised Statutes, the codified statutory law of Colorado. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Colorado § 7-80-713?
A common citation format is "Colorado Revised Statutes § 7-80-713" (Colorado). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Colorado law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Colorado official source linked on this page or consult a licensed Colorado attorney.
How does Colorado § 7-80-713 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Colorado can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Colorado.