Arizona Revised Statutes § 29-357 Proper Plaintiff

29-357. Proper plaintiff

In a derivative action, the plaintiff shall be a partner at the time of bringing the action and:

1. Shall have been a partner at the time of the transaction of which he complains; or

2. His status as a partner shall have 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.

Section: Previous  29-350  29-351  29-352  29-353  29-354  29-355  29-356  29-357  29-358  29-359  29-360  29-361  29-362  29-363  29-364  Next

Last modified: October 13, 2016