Indiana Statutes
§ 23-16-11-1 — Right of action
Indiana § 23-16-11-1
JurisdictionIndiana
Title 23BUSINESS AND OTHER ASSOCIATIONS
Art. 16LIMITED PARTNERSHIPS
Ch. 11Derivative Actions
This text of Indiana § 23-16-11-1 (Right of action) is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Ind. Code § 23-16-11-1 (2026).
Text
A limited partner may bring an action in the right of a limited partnership to recover a judgment in favor of the limited partnership if:
(1)general partners with authority to bring such an action have
refused to bring the action; or
(2)an effort to cause those general partners to bring the action is
not likely to succeed.
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Related
In Re RUETH DEVELOPMENT COMPANY, an Indiana Limited Partnership
976 N.E.2d 42 (Indiana Court of Appeals, 2012)
Legislative History
As added by P.L.147-1988, SEC.1.
Nearby Sections
15
§ 23-0.5-1-1
Short title§ 23-0.5-1-2
Application§ 23-0.5-1-3
Application; exceptions§ 23-0.5-1-4
Delivery of record§ 23-0.5-1-5
Rules and procedures§ 23-0.5-1-6
Terms dependent on facts ascertainable outside the plan or filed
document; articles of amendment§ 23-0.5-1.5-1
Application of definitions§ 23-0.5-1.5-10
"Filed record"§ 23-0.5-1.5-11
"Filing entity"§ 23-0.5-1.5-12
"Foreign"§ 23-0.5-1.5-13
"General partnership"§ 23-0.5-1.5-14
"Governance interest"§ 23-0.5-1.5-15
"Governing person"§ 23-0.5-1.5-16
"Interest"§ 23-0.5-1.5-17
"Interest holder"Cite This Page — Counsel Stack
Bluebook (online)
Indiana § 23-16-11-1, Counsel Stack Legal Research, https://law.counselstack.com/statute/in/23-16-11-1.