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2013 California Code
Corporations Code - CORP
TITLE 2. PARTNERSHIPS
CHAPTER 4.5. Uniform Limited Partnership Act of 2008
ARTICLE 10. Actions by Partners
15910.02

CA Corp Code § 15910.02 (2013) What's This?

A partner may bring 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.

(Added by Stats. 2006, Ch. 495, Sec. 20. Effective January 1, 2007. Section operative January 1, 2008, pursuant to Section 15912.04.)

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