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2016 Oklahoma Statutes
Title 54. Partnership
§54-500-1002A. Derivative action.

54 OK Stat § 54-500-1002A (2016) What's This?

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.

Added by Laws 2010, c. 384, § 84, eff. Jan. 1, 2011.

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