KRS 362.2-933: Proper plaintiff.
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