§ 15910.02. — 15910.02. (Added by Stats. 2006, Ch. 495, Sec. 20.)

California § 15910.02.

• Jurisdiction: 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

Text

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.

Legislative History

Added by Stats. 2006, Ch. 495, Sec. 20. Effective January 1, 2007. Section operative January 1, 2008, pursuant to Section 15912.04.