TITLE 30

CORPORATIONS

CHAPTER 24

LIMITED PARTNERSHIPS

PART 9

ACTIONS BY PARTNERS

30-24-903.  PROPER PLAINTIFF. A derivative action to enforce a right of a limited partnership may be maintained only by a person that is a partner at the time the action is commenced and:

(1)  Was a partner when the conduct giving rise to the action occurred; or

(2)  Whose status as a partner devolved on 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.

History:

[30-24-903, added 2015, ch. 243, sec. 41, p. 869.]