2006 Kentucky Revised Statutes - .513   Derivative action:  proper plaintiff.  (Effective until January 1, 2008)

362.513 Derivative action: proper plaintiff. (Effective until January 1, 2008) In a derivative action, the plaintiff shall be a partner at the time of bringing the action and either: (1)  At the time of the transaction of which he complains; or (2)  His status as a partner shall have devolved upon him 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. Effective: July 15, 1988 History: Repealed 2006 Ky. Acts ch. 149, sec. 239, effective January 1, 2008. -- Created 1988 Ky. Acts ch. 284, sec. 50, effective July 15, 1988.