GroundRules
35-12-1401: Derivative action.
Where this section sits in the code
- TITLE 35. CORPORATIONS, PARTNERSHIPS, AND ASSOCIATIONS
- CHAPTER 12. LIMITED PARTNERSHIPS
- Part 14. Derivative Actions
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 2026-09-14T04:53:24Z. Source file · JSON