Idaho § 30-24-903 PROPER PLAINTIFF

Idaho Statutes

§ 30-24-903 — PROPER PLAINTIFF

Idaho·Title 30 CORPORATIONS·Part 9 ACTIONS BY PARTNERS·Ch. 24 LIMITED PARTNERSHIPS

A derivative action to enforce a right of a limited partnership may be maintained only by a person that is a partner at the time the action is commenced and:

(1)Was a partner when the conduct giving rise to the action occurred; or

(2)Whose status as a partner devolved on the person by operation of law or pursuant to the terms of the partnership agreement from a person that was a partner at the time of the conduct.

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A derivative action to enforce a right of a limited partnership may be maintained only by a person that is a partner at the time the action is commenced and:
(1) Was a partner when the conduct giving rise to the action occurred; or
(2) Whose status as a partner devolved on the person by operation of law or pursuant to the terms of the partnership agreement from a person that was a partner at the time of the conduct.

Idaho § 30-24-903 (PROPER PLAINTIFF) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.