Michigan Compiled Laws 213-1982-10 Article 10 (449.2001...449.2005)

• Section 449.2001 Limited Partner; Right To Bring Action To Recover Judgment.
  A limited partner may bring an action in the right of a limited partnership to recover a judgment in its favor if general partners...
• Section 449.2002 Status Of Plaintiff In Derivative Action.
  In a derivative action, the plaintiff must be a partner at the time of bringing the action and (1) at the time of the...
• Section 449.2003 Complaint In Derivative Action; Contents.
  In a derivative action, the complaint shall set forth with particularity the effort of the plaintiff to secure initiation of the action by a...
• Section 449.2004 Discontinuance, Compromise, Or Settlement Of Derivative Action; Court Approval; Notice; Costs.
  An action authorized by section 1001 shall not be discontinued, compromised, or settled without approval by the court having jurisdiction of the action. If...
• Section 449.2005 Awarding Expenses To Plaintiff In Successful Derivative Action; Remittance To Limited Partnership Of Remainder Of Proceeds; Exception; Action Brought Without Reasonable Cause; Payment Of Defendants' Expenses By Plaintiff.
  (a) If a derivative action is successful, in whole or in part, or if anything is received by the plaintiff as a result of...

Last modified: October 10, 2016