Colorado Revised Statutes Title 7. Corporations and Associations § 7-80-713. Derivative proceeding--standing--definitions

(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.