(805 ILCS 215/1003)
Sec. 1003. Proper plaintiff. A derivative action may be maintained only by a person that is a partner at the time the action is commenced and:
(1) that was a partner when the conduct giving rise
to the action occurred; or
(2) whose status as a partner devolved upon the
person by operation of law or pursuant to the terms of the partnership agreement from a person that was a partner at the time of the conduct.
(Source: P.A. 93-967, eff. 1-1-05.)
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Last modified: February 18, 2015