California Statutes
§ 15910.02. — 15910.02. (Added by Stats. 2006, Ch. 495, Sec. 20.)
California·Code CORP Corporations Code - CORP·Title 2. TITLE 2. PARTNERSHIPS·Ch. 4.5. CHAPTER 4.5. Uniform Limited Partnership Act of 2008·Art. 10. ARTICLE 10. Actions by Partners
A partner may bring 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.
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California § 15910.02. (15910.02. (Added by Stats. 2006, Ch. 495, Sec. 20.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Added by Stats. 2006, Ch. 495, Sec. 20. Effective January 1, 2007. Section operative January 1, 2008, pursuant to Section 15912.04.