State Codes and Statutes

Statutes > Minnesota > 321-323A > 321 > 321_1002

321.1002 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.

History:

2004 c 199 art 10 s 83

State Codes and Statutes

Statutes > Minnesota > 321-323A > 321 > 321_1002

321.1002 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.

History:

2004 c 199 art 10 s 83


State Codes and Statutes

State Codes and Statutes

Statutes > Minnesota > 321-323A > 321 > 321_1002

321.1002 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.

History:

2004 c 199 art 10 s 83