Code of Alabama - Title 10A: Alabama Business and Nonprofit Entities Code - Section 10A-9A-9.04 - Demand

Section 10A-9A-9.04 - Demand.

A partner may commence a derivative action in the right of the limited partnership, if:

(a) the partner first makes a written demand upon 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

(b) a demand under subsection (a) would be futile.

(Act 2016-379, §1.)

Last modified: May 3, 2021