State Codes and Statutes
Statutes > Alabama > Title10 > Chapter9B > 10-9B-1002Section 10-9B-1002
Proper plaintiff.
REPEALED IN THE 2009 REGULAR SESSION BY ACT 2009-621, EFFECTIVE JANUARY 1, 2010. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT.
In a derivative action, the plaintiff must be a partner at the time of bringing the action or have succeeded to the right of a partner under Section 10-9B-705 and (1) at the time of the transaction of which he or she complains, or (2) his or her status as a partner (or successor) exercising the rights and powers of a partner under Section 10-9B-705, have devolved 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.
(Act 97-921, 1st Ex. Sess., p. 335, §1.)