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2016 North Carolina General Statutes
Chapter 59 - Partnership.
Article 5 - Revised Uniform Limited Partnership Act.
§ 59-1002 - Proper plaintiff.
Universal Citation: NC Gen Stat § 59-1002 (2016)
59-1002. Proper plaintiff.
In a derivative action, the plaintiff must be a partner at the time of bringing the action and (i) must have been a partner at the time of the transaction that is the subject of the complaint or (ii) the plaintiff's status as a partner must have devolved upon the partner 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. (1985 (Reg. Sess., 1986), c. 989, s. 2; 1999-362, s. 37.)
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