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2023 Kentucky Revised Statutes
Chapter 362 - Partnerships
362.513 Derivative action: proper plaintiff.

Universal Citation:
KY Rev Stat § 362.513 (2023)
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362.513 Derivative action: proper plaintiff. 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: June 26, 2007 History: Repeal the prior repeal contained in 2006 Ky. Acts ch. 149, sec. 239, which was to have been effective January 1, 2008, 2007 Ky. Acts ch. 137, sec. 180, effective June 26, 2007. -- Repealed 2006 Ky. Acts ch. 149, sec. 239, effective January 1, 2008. -- Created 1988 Ky. Acts ch. 284, sec. 50, effective July 15, 1988.
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