§425E-1002 - Derivative action.
[§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]