Ala. Code § 10A-9A-9.03: Standing.
Where this section sits in the code
- Title 10A Alabama Business and Nonprofit Entities Code.
- Chapter 9A Alabama Limited Partnership Law.
- Article 9 Actions by Partners.
A partner may commence or maintain a derivative action in the right of the limited partnership only if the partner:
(1) fairly and adequately represents the interests of the limited partnership in enforcing the right of the limited partnership; and
(2) either:
(A) was a partner of the limited partnership at the time of the act or omission of which the partner complains; or
(B) whose status as a partner devolved upon the person by operation of law or pursuant to the terms of the partnership agreement from a person who was a partner at the time of the act or omission of which the partner complains.
Collected 2026-09-03T14:01:53Z. Source file · JSON