There is a newer version of the Code of Alabama
2023
2022
2021
2020
2019
Other previous versions
View our newest version here

2009 Alabama Code
Title 10 — CORPORATIONS, PARTNERSHIPS AND ASSOCIATIONS.
Chapter 9C — ALABAMA UNIFORM LIMITED PARTNERSHIP ACT OF 2010.
Section 10-9C-1002 (Effective January 1, 2010) Derivative action.

Section 10-9C-1002

(Effective January 1, 2010) 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.

(Act 2009-621, §1.)

Disclaimer: These codes may not be the most recent version. Alabama may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.