31 M.R.S. §1422: Derivative action
Where this section sits in the code
- TITLE 31: PARTNERSHIPS AND ASSOCIATIONS
- CHAPTER 19: UNIFORM LIMITED PARTNERSHIP ACT
- SUBCHAPTER 10: ACTIONS BY PARTNERS
A partner may maintain a derivative action to enforce a right of a limited partnership if:
1. Demand for limited partnership to enforce. 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. Demand futile. A demand would be futile.
Collected 2026-09-04T15:12:37Z. Source file · JSON