Corporations, Associations, and Partnerships

Limited Partnerships

SECTION 7-13-57

§ 7-13-57. Proper plaintiff.

In a derivative action, the plaintiff must be a partner at the time of bringing the action and

(1) at the time of the transaction of which he or she complains, or

(2) his or her status as a partner had developed upon him or her by operation of law or pursuant to the terms of the partnership agreement from a person who was a partner at the time of the transaction.

History of Section.
(P.L. 1985, ch. 390, § 2.)