§ 48-2e-1003. Proper plaintiff.

Latest version.

A derivative action to enforce a right of a limited partnership may be maintained only by a person that is a partner at the time the action is commenced and:

(1) which was a partner when the conduct giving rise to the action occurred; or

(2) whose status as a partner devolved on the person by operation of law or pursuant to the terms of the partnership agreement from a person that was a partner at the time of the conduct.

Enacted by Chapter 412, 2013 General Session

                    
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