There is a newer version
of
this Section
2018 Indiana Code
TITLE 23. Business and other Associations
ARTICLE 16. LIMITED PARTNERSHIPS
CHAPTER 11. Derivative Actions
23-16-11-1. Right of action
Universal Citation: IN Code § 23-16-11-1 (2018)
IC 23-16-11-1 Right of action
Sec. 1. A limited partner may bring an action in the right of a limited partnership to recover a judgment in favor of the limited partnership if:
(1) general partners with authority to bring such an action have refused to bring the action; or
(2) an effort to cause those general partners to bring the action is not likely to succeed.
As added by P.L.147-1988, SEC.1.
Disclaimer: These codes may not be the most recent version. Indiana 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.
