2013 South Carolina Code of Laws
Title 33 - Corporations, Partnerships and Associations
CHAPTER 42 - UNIFORM LIMITED PARTNERSHIP ACT
SECTION 33-42-1820. Proper plaintiff.
In a derivative action, the plaintiff must be a partner at the time of bringing the action and (1) must have been a partner at the time of the transaction of which he complains or (2) his status as a partner must 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.
HISTORY: 1984 Act No. 491, Section 1; 1985 Act No. 11, Sections 3, 4; 1986 Act No. 533, Section 1.
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