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2022 Hawaii Revised Statutes
Title 23. Corporations and Partnerships
425E. Uniform Limited Partnership Act
425E-1002 Derivative action.
Universal Citation:
HI Rev Stat § 425E-1002 (2022)
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§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]
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