{"data":{"id":"us-nj/n.j.-stat.-42-2a-63","jurisdiction":"us-nj","citation":"N.J. Stat. § 42:2A-63","heading":"Proper plaintiff","body":"Proper plaintiff.  In order to bring a derivative action, the limited partner shall be a limited partner at the time of bringing the action and either\na.   Have been a limited partner at the time of the transaction of which he complains; or\nb.   Have had the status as a limited partner devolved upon him by operation of law or pursuant to the terms of the partnership agreement from a person who was a partner at the time of the transaction.\nL. 1983, c. 489, s. 62; amended 1988,c.130,s.32.","path":["TITLE 42 PARTNERSHIPS AND PARTNERSHIP ASSOCIATIONS"],"source_url":"https://pub.njleg.state.nj.us/statutes/STATUTES-TEXT.zip","current_through":"P.L.2025, c.405, and J.R.22","vintage":"","retrieved_at":"2026-08-27T17:54:13Z","sha256":"2d4e1eaaa3d93ec5fb8ca4a9bd1b1ef1edaea5e4624dd8f697622ac8b8c4b4a5","source_id":"us-nj","stale":true,"prev":"us-nj/n.j.-stat.-42-2a-62","next":"us-nj/n.j.-stat.-42-2a-64"},"notice":"GroundRules: Original legal text. Not legal advice."}