Section 25.10.706. Derivative action.

Latest version.

A partner may maintain a derivative action to enforce a right of a limited partnership if:

(1) The partner first makes a demand on the 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

(2) A demand would be futile.

[ 2009 c 188 § 1002.]

2009 c 188 § 1002.

                    
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