[§425E-1002] Derivative action. 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. [L 2003, c 210, pt of §1]
Section: Previous 425e-903 425e-904 425e-905 425e-906 425e-907 425e-908 425e-1001 425e-1002 425e-1003 425e-1004 425e-1005 425e-1101 425e-1102 425e-1103 425e-1104 NextLast modified: October 27, 2016