Ark. Code Ann. § 4-47-1002: Derivative action
Where this section sits in the code
- AR Code
- Title 4
- Chapter 47
- Subchapter 10
A partner may maintain a derivative action to enforce a right of a limited partnership if:
(1) the partner first makes a demand on the general partners, requesting that they cause the limited partnership to bring an action to enforce the right, and the general partners do not bring the action within a reasonable time; or
(2) a demand would be futile.
Collected 2026-09-14T18:32:41Z. Source file · JSON