A. If a limited liability company is named as or made a party in a derivative proceeding, the company may appoint a special litigation committee to investigate the claims asserted in the proceeding and determine whether pursuing the action is in the best interests of the company. If the company appoints a special litigation committee, on motion by the committee made in the name of the company, except for good cause shown, the court shall stay the derivative proceeding for the time reasonably necessary to permit the committee to make its investigation, make a determination under subsection D of this section and file with the court a statement of its determination and supporting report under subsection E of this section. This subsection does not prevent the court from either of the following:

1. 1. Enforcing a person's right to information under section 29-3410.
2. 2. Granting extraordinary relief in the form of a temporary restraining order or preliminary injunction.

C. A special litigation committee may be appointed:

1. 1. In a member-managed limited liability company, by either of the following:

   1. (a) The affirmative vote or consent of a majority in interest of the members that are not named as parties in the proceeding.
   2. (b) If all members are named as parties in the proceeding, a majority in interest of the members that are named as defendants.

2. 2. In a manager-managed limited liability company, by either of the following:

   1. (a) A majority of the managers that are not named as parties in the proceeding.
   2. (b) If all managers are named as parties in the proceeding, a majority of the managers that are named as defendants.

D. After appropriate investigation, a special litigation committee may determine that it is in the best interests of the limited liability company that the proceeding:

1. 1. Continue under the control of the plaintiff.
2. 2. Continue under the control of the committee.
3. 3. Be settled on terms approved by the committee.
4. 4. Be dismissed.