Alabama § 10A-9A-9.03 Standing

Alabama Statutes

§ 10A-9A-9.03 — Standing

Alabama § 10A-9A-9.03

Title 10AAlabama Business and Nonprofit Entities Code

Ch. 9AAlabama Limited Partnership Law

Art. 9Actions by Partners

This text of Alabama § 10A-9A-9.03 (Standing) is published on Counsel Stack Legal Research, covering Alabama primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ala. Code § 10A-9A-9.03 (2026).

Text

A partner may commence or maintain a derivative action in the right of the limited partnership only if the partner:

(1)fairly and adequately represents the interests of the limited partnership in enforcing the right of the limited partnership; and

(2)either:

(A)was a partner of the limited partnership at the time of the act or omission of which the partner complains; or

(B)whose status as a partner devolved upon the person 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 act or omission of which the partner complains.

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A partner may commence or maintain a derivative action in the right of the limited partnership only if the partner:
(1) fairly and adequately represents the interests of the limited partnership in enforcing the right of the limited partnership; and
(2) either:
(A) was a partner of the limited partnership at the time of the act or omission of which the partner complains; or
(B) whose status as a partner devolved upon the person 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 act or omission of which the partner complains.