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Kentucky · Snapshot 09/05/2026

KRS 362.2-933: Proper plaintiff.

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Where this section sits in the code

    (1) A derivative action may be maintained only by a person that is a partner at the

    time the action is commenced and:

    (a) That was a partner when the conduct giving rise to action occurred; 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 that

    was a partner at the time of that conduct.

    (2) The derivative proceeding shall not be maintained if:

    (a) It appears that the person commencing the proceeding does not fairly

    and adequately represent the interests of the partners in enforcing the

    rights of the limited partnership; or

    (b) The person commencing the proceeding ceases to be a partner in the

    limited partnership.

    Collected 2026-09-05T20:58:59Z. Source file · JSON

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