In a derivative action, the plaintiff must be a partner at the time of bringing the action and
(1) must have been a partner at the time of the transaction of which the plaintiff complains; or
(2) the plaintiff's status as a partner must have devolved upon the plaintiff by operation of law or under the terms of the partnership agreement from a person who was a partner at the time of the transaction.
Section: Previous 32.11.490 32.11.500 32.11.510 32.11.520 NextLast modified: November 15, 2016