Iowa Statutes
§ 488.1001 — Direct action by partner
Iowa § 488.1001
This text of Iowa § 488.1001 (Direct action by partner) is published on Counsel Stack Legal Research, covering Iowa primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Iowa Code § 488.1001 (2026).
Text
1.Subject to subsection 2, a partner may maintain a direct action against the limited
partnership or another partner for legal or equitable relief, with or without an accounting
as to the partnership’s activities, to enforce the rights and otherwise protect the interests of
the partner, including rights and interests under the partnership agreement or this chapter
or arising independently of the partnership relationship.
2.A partner commencing a direct action under this section is required to plead and prove
an actual or threatened injury that is not solely the result of an injury suffered or threatened
to be suffered by the limited partnership.
3.The accrual of, and any time limitation on, a right of action for a remedy under this
section is governed by other law. A right to an account
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Nearby Sections
15
§ 488.1001
Direct action by partner§ 488.1002
Derivative action§ 488.1003
Proper plaintiff§ 488.1004
Pleading§ 488.1005
Proceeds and expenses§ 488.101
Short title§ 488.102
Definitions§ 488.103
Knowledge and notice§ 488.105
Powers§ 488.106
Governing law§ 488.108
Name§ 488.109
Reservation of nameCite This Page — Counsel Stack
Bluebook (online)
Iowa § 488.1001, Counsel Stack Legal Research, https://law.counselstack.com/statute/ia/488.1001.