Illinois Compiled Statutes 805 Business Organizations: Article 10 - Actions by Partners

• Illinois Uniform Limited Partnership Act (2001). - 805 ILCS 215, Section 1001
  Direct action by partner. (a) Subject to subsection (b), a partner may maintain a direct action against the limited partnership or another partner for legal...
• Illinois Uniform Limited Partnership Act (2001). - 805 ILCS 215, Section 1002
  Derivative action. A partner may maintain a derivative action to enforce a right of a limited partnership if: (1) the partner first makes a demand...
• Illinois Uniform Limited Partnership Act (2001). - 805 ILCS 215, Section 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)...
• Illinois Uniform Limited Partnership Act (2001). - 805 ILCS 215, Section 1004
  Pleading. In a derivative action, the complaint must state with particularity: (1) the date and content of plaintiff's demand and the general partners' response to...
• Illinois Uniform Limited Partnership Act (2001). - 805 ILCS 215, Section 1005
  Proceeds and expenses. (a) Except as otherwise provided in subsection (b): (1) any proceeds or other benefits of a derivative action, whether by judgment, compromise,...

Last modified: February 18, 2015