[§425E-1002] Derivative action.
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/hi/425e-1002A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
[§425E-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 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. [L 2003, c 210, pt of §1]