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Maine · Through October 1, 2025

31 M.R.S. §1423: Proper plaintiff

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Where this section sits in the code
  1. TITLE 31: PARTNERSHIPS AND ASSOCIATIONS
  2. CHAPTER 19: UNIFORM LIMITED PARTNERSHIP ACT
  3. SUBCHAPTER 10: ACTIONS BY PARTNERS

A derivative action may be maintained only by a person that is a partner at the time the action is commenced and:

1. Partner when conduct occurred. That was a partner when the conduct giving rise to the action occurred; or

2. Partner status. 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 the conduct.

Collected 2026-09-04T15:12:37Z. Source file · JSON

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